Recent updates to the Company Taxation manual
Below are details of the amendments that were published on 2 January 2007 (see the update index for all updates).
| Section | Title and details of update |
| CTM15100 | Distributions: general:
contents.
Change of heading of CTM15250/350. |
| CTM15250 | Distributions: general:
transfer of assets and liabilities by/to members.
Revised following Noved case; some obsolete material deleted. |
| CTM15270 | Distributions: general:
dividend waivers and application of the settlements legislation.
Updated for name changes & ITTOIA. |
| CTM15290 | Distributions: general:
transfers not at market value: to member who is an
employee/director.
Deletion of penultimate paragraph which referred to 1995. |
| CTM15300 | Distributions: general:
disapplication of the distribution provisions.
Revised following Noved case. |
| CTM15310 | Distributions: general:
transfers between companies within the charge to CT.
Deletion of last two obsolete paragraphs. |
| CTM15330 | Distributions: general:
valuations.
Updated ‘DV’ to ‘District Valuer Services’. |
| CTM15350 | Distributions: general:
out of assets in respect of shares.
Revised following Noved case; some obsolete material deleted. |
| CTM15500 | Distributions: general:
interest or other value in respect of securities: introduction.
Revised following repeal of ICTA88/S209 (2) (da). |
| CTM15510 | Distributions: general:
securities within ICTA88/S209 (2) (da).
Changes to reflect repeal of ICTA88/S209 (2) (da). |
| CTM15570 | Distributions: general:
notification of likely higher rate liability.
Addition of ‘Chapter 3 Part 4 ITTOIA05 dividend upper rate’ |
