918 Manufactured dividends on UK shares: Real Estate Investment Trusts
Income Tax Act 2007 (2007 c 3) | Legislation

Chapter 9
Manufactured Payments

Manufactured dividends

918  Manufactured dividends on UK shares: Real Estate Investment Trusts

(1)     This section applies if—

[(a)     a person pays a manufactured payment as mentioned in section 614ZC(1) and the amount payable is representative of a dividend (a “manufactured dividend”), and]

(b)     the manufactured dividend is representative of a dividend which is—

[(i)     paid by a company UK REIT in respect of profits or gains (or both) of the company's property rental business, or

(ii)     paid by the principal company of a group UK REIT in respect of profits or gains (or both) of property rental business of members of the group].

(2)     This section applies only so far as the manufactured dividend is representative of such a dividend.

(3)     If the payer—

(a)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Schemes of arrangement—procedure

Schemes of arrangement—procedureProduced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note looks at the detailed procedures to be followed to implement the acquisition by a buyer (offeror) of all the shares, or one or more classes of shares, in a company

LEXISNEXIS

The pari passu principle and collection remedies for the office-holder—the position under the Insolvency

The pari passu principle and collection remedies for the office-holder—the position under the Insolvency (England and Wales) Rules 2016The primary function of office-holders in personal and corporate insolvency is to collect in the assets belonging to a company or individual and to distribute these

LEXISNEXIS

Arms length management organisations (ALMOs)

Arms length management organisations (ALMOs)An arms length management organisation (ALMO) is a not-for-profit company that provides housing services on behalf of a local housing authority (LHA). Usually an ALMO is set up by the LHA to manage and improve all or part of its housing stock with the LHA

LEXISNEXIS

Facilitation payments under the Bribery Act 2010

Facilitation payments under the Bribery Act 2010Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small amounts of money paid to public officials or others as a means of ensuring that they perform their duty,