CTM15950 - Distributions: non-qualifying distributions: receipt of distribution
The assessment of a non-qualifying distribution received by an individual is dealt with in SAIM5050 onwards.
Non qualifying distributions received by a company resident in the UK are not liable to tax, nor are they franked investment income.
Where
- a company receives a non-qualifying distribution, and
- it distributes the non-qualifying distribution in turn to its shareholders, this distribution is also treated as a non-qualifying distribution