Income Tax (Trading and Other Income) Act 2005 section 400

Non-qualifying distributions

Section 400 previously dealt with the tax treatment of non-qualifying distributions but was removed from the legislation with effect from 15th September 2016.

• Section 400 originally addressed the income tax treatment of non-qualifying distributions received by individuals.
• The section was omitted in its entirety by Finance Act 2016, Schedule 1, paragraph 1(1).
• The removal took effect from 15th September 2016, meaning the section has no application to distributions made on or after that date.
• The repeal formed part of a wider set of reforms to the taxation of dividends and distributions introduced by Finance Act 2016.