Statute
Section 1056 — Corporation Tax Act 2010: Dividend or bonus relating to transactions
Text of the provision Official document
Dividend or bonus relating to transactions 1056 1 This section applies if—
a a dividend or bonus is granted by a registered society , and b section 132 of CTA 2009 (dividends etc relating to transactions with a registered society ) allows the sum representing the dividend or bonus to be deducted in calculating the profits of a trade.
2 The dividend, or the bonus, is not a distribution for the purposes of the Corporation Tax Acts.
Official source: legislation.gov.uk
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