1015 Meaning of “special securities”

Section 1015 Meaning of “special securities”

Corporation Tax Act 2010 (2010 c 4) | Legislation
Corporation Tax Act 2010 (2010 c 4) | Legislation

Distributions in respect of special securities

1015  Meaning of “special securities”

(1)     Securities of a company are special securities for the purposes of paragraph F in section 1000(1) if they meet any of conditions A to E.

[(1A)     But hybrid capital instruments (within the meaning of section 475C of CTA 2009) are not special securities by reason

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