The following Tax guidance note provides comprehensive and up to date legal information covering:
As further explained in Scope of distributions, distributions can be divided into four categories:
dividends—encompassing paragraph A and explained further in this note
transfers of assets or liabilities—encompassing paragraphs B and G and explained further in Types of distribution—transfers of assets and liabilities
interest recharacterised as a distribution—encompassing paragraphs E and F and explained in further detail in Types of distribution—interest recharacterised as a distribution: non-commercial securities, and Types of distribution—interest recharacterised as a distribution: special securities, and
bonus issues of shares or securities—encompassing paragraphs C, D and H and explained in further detail in Types of distribution—bonus issues
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