2 Classification of certain corporate distributions as capital
Trusts (Capital and Income) Act 2013 (2013 c 1) | Legislation

2  Classification of certain corporate distributions as capital

(1)     A receipt consisting of a tax-exempt corporate distribution is to be treated for the purposes of any trust to which this section applies as a receipt of capital (even if it would otherwise be treated for those purposes as a receipt of income).

(2)     Subsection (1) has

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