Corporation Tax Act 2010 section 1136

"Qualifying distribution"

Section 1136 defines the term "qualifying distribution" for the purposes of the Corporation Tax Act 2010.

• A "qualifying distribution" is a specific statutory term used throughout corporation tax legislation to classify certain types of distribution made by a company.
• The definition originates from earlier legislation, specifically sections 14(2) and 832(1) of the Income and Corporation Taxes Act 1988 (ICTA).
• The section was amended by Finance Act 2016, Schedule 1, paragraph 47.
• Identifying whether a distribution is a "qualifying distribution" is important because it determines the tax treatment that applies to payments and transfers of value made by companies to their shareholders or other parties.