Corporation Tax Act 2010 section 998

Overview of Chapter

Section 998 provides a roadmap to the chapter dealing with company distributions, signposting the key provisions that define what counts as a distribution and what constitutes a repayment of share capital.

• Sections 1000 to 1023 define the meaning of "distribution" for corporation tax purposes, with section 1000(1) listing the specific matters that qualify as distributions.
• Sections 1003 to 1023 contain supplementary provisions that expand on and clarify each item in the main list of distributions.
• Section 1001 provides a useful reference table highlighting the main provisions that explain, supplement or limit each category of distribution listed in section 1000(1).
• Sections 1024 to 1028 deal separately with the meaning of "repayment of share capital" and related matters.