59 Meaning of “relevant profits” in section 58
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

59  Meaning of “relevant profits” in section 58

(1)     This section applies for the purposes of section 58.

(2)     “Relevant profits”, if the dividend is within subsection (3), means the profits in respect of which the dividend is treated as paid for the purposes of section 931H of CTA 2009 (dividends derived from transactions not designed to reduce tax).

(3)     A dividend is within this subsection if—

(a)     it is received in an accounting period of the recipient in which the recipient is not a small company for the purposes of Part 9A of CTA 2009 (company distributions: see section 931S of that Act), and

(b)     for

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