Statute
Section 1087 — Corporation Tax Act 2010: Chargeable payments not deductible in calculating profits
Text of the provision Official document
Chargeable payments not deductible in calculating profits 1087 If a chargeable payment is made within 5 years after an exempt distribution, the chargeable payment is treated as a distribution for the purposes of section 1305 of CTA 2009 (no deduction for distributions in calculation of a company's profits).
Official source: legislation.gov.uk
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