Recharacterisation of certain transactions - Consolidated groups of companies - Treatment of foreign dividends
FM 24: General treatment of foreign dividends
You could also call this:
“This section about foreign dividend rules has been removed from the law”
This part of the law used to talk about how foreign dividends are treated in general. However, it has been removed from the law. You don’t need to worry about this section anymore because it’s no longer in effect. The government took it out of the Income Tax Act 2007 on 6 October 2009, but it actually stopped being used from 1 April 2009. If you want to know more about why this change was made, you can look at section 231(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009.
FM 25: Reduction in payments for foreign dividends, or
“This provision about reducing foreign dividend payments no longer applies”
Part F
Recharacterisation of certain transactions
Consolidated groups of companies:
Treatment of foreign dividends
FM 24General treatment of foreign dividends (Repealed)
Notes
Section FM 24: repealed (with effect on 1 April 2009), on , by section 231(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
