Commentary

A4.439 Annual payments for dividends or non-taxable consideration

Administration and compliance

A4.439 Annual payments for dividends or non-taxable consideration

A4.439 Annual payments for dividends or non-taxable consideration

Subject to certain conditions (see below), the requirement to deduct does not apply1 to annual payments made where the consideration for the payment is either a dividend (or the right to receive a dividend), or not taxable2.

The annual payment must be one charged to income tax under ITTOIA 2005, ss 574–689A (Pt 5), or to corporation tax under CTA 2009, ss 907–931 (Pt 9)3.

It must not be a payment of income by one party of a marriage or civil partnership to the other, in connection with the dissolution or annulment of the

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