Finance Act, 1983
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Dividends paid before 1st July, 1983. |
49.—(1) This section applies to a dividend which is paid by a company on or after the 9th day of February, 1983, and before the 1st day of July, 1983, and which— | |
(a) was declared by the company in general meeting before the first-mentioned date, or | ||
(b) was declared in general meeting on or after the first-mentioned date, but in accordance with a recommendation of the directors, and the directors' decision to make that recommendation was, with the authority of the directors, publicly announced before that date, or | ||
(c) was paid in accordance with a decision of the directors, and that decision was, with their authority, publicly announced before the first-mentioned date. | ||
(2) Where a company proves that this section applies to a dividend paid by it, and claims to have the dividend treated as not being a distribution for the purposes of section 38 , then— | ||
(a) the dividend shall be so treated, and | ||
(b) the dividend shall also be treated as not being a distribution for the purposes of section 41 . | ||
(3) A claim under this section shall be made to the inspector and shall be so made before the 9th day of August, 1983. |