group income election

group income election
Under the Income and Corporation Taxes Act 1988 group companies (at least 75% owned) can elect to pay dividends among themselves gross without deducting ACT.

Easyform Glossary of Law Terms. — UK law terms.


group income election
An obsolete term. A holding company and its subsidiaries used to be able to jointly elect for interest and certain other payments (such as royalties) to be paid gross within the group without deducting tax at source. The Finance Act 2001 introduced a new exemption for the payment of such interest and other payments, for example, royalties, paid to companies within the charge to UK corporation tax and abolished these elections.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Income trust — An income trust is an investment trust that holds income producing assets. The term also designates a legal entity, capital structure and ownership vehicle for certain assets or businesses. Its shares or trust units are traded on securities… …   Wikipedia

  • election — /i lek sheuhn/, n. 1. the selection of a person or persons for office by vote. 2. a public vote upon a proposition submitted. 3. the act of electing. 4. Theol. the choice by God of individuals, as for a particular work or for favor or salvation.… …   Universalium

  • Austrian legislative election, 2008 — Infobox Election election name = Austrian legislative election, 2008 country = Austria type = parliamentary ongoing = no previous election = Austrian legislative election, 2006 previous year = 2006 previous MPs = next election = next year = seats …   Wikipedia

  • Greater Sudbury municipal election, 2006 — The Greater Sudbury municipal election, 2006 was held in the city of Greater Sudbury, Ontario, Canada on November 13, 2006. All municipal elections in the province of Ontario are held on the same date; see Ontario municipal elections, 2006 for… …   Wikipedia

  • Canadian federal election, 2008 — 2006 ← members October 14, 2008 (2008 10 14) …   Wikipedia

  • Timeline of the Canadian federal election, 2006 — This article provides the timeline of the 2006 Canadian federal election, which was called on November 29, 2005 when the Governor General dissolved parliament following the government s defeat in a motion of no confidence. The election was held… …   Wikipedia

  • New Jersey gubernatorial election, 2009 — 2005 ← November 3, 2009 → 2013 …   Wikipedia

  • Barnsley Council election, 2008 — Elections to Barnsley Council in South Yorkshire, England were held on 1 May, 2008. One third of the council was up for election and the Labour party held overall control of the council. Overall turnout was 34.78%.cite web| url =… …   Wikipedia

  • United States presidential election, 1996 — 1992 ← November 5, 1996 → 2000 …   Wikipedia

  • United States Presidential Election of 2008 — ▪ United States government Introduction  On November 4, 2008, after a campaign that lasted nearly two years, Americans elected Illinois senator Barack Obama (Obama, Barack) their 44th president. The result was historic, as Obama, a first term U.S …   Universalium

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”