Income and Corporation Tax Act definition

Income and Corporation Tax Act means the Income and Corporation Tax Act (Cap. 17.01);

Examples of Income and Corporation Tax Act in a sentence

  • The total dividends payable in respect of the financial year for the purposes of the income retention test for Section 1159 of the Income and Corporation Tax Act 2010 are set out below.

  • You may subscribe to the Account by the transfer of shares issued to you under an approved All Employee Savings Related Share Option Scheme defined in Paragraph 1, Schedule 9 of the Income and Corporation Tax Act 1988 or an approved All Employee Profit Sharing Scheme as defined in Chapter 4, Part 5 of the Income and Corporation Taxes 1988.

  • According to sections 111 and 114 of the Income and Corporation Tax Act 1988 (‘ICTA’), the profits of the partnership are first calculated for the purposes of corporation tax as if the partnership were a company but then those profits are taxed in the hands of the corporate partners according to their proportionate interests in the partnership.

  • The Society is a registered charity and, as such, is exempt from taxes under the provision of the Income and Corporation Tax Act 2003.

  • Dividend for the purposes of Section 1158 of the Income and Corporation Tax Act 2010 (‘Section 1158’) The requirement of Section 1158 of the Income and Corporation Tax Act 2010 are considered on the basis of dividends proposed in respect of the financial year, shown below.

  • Under the Income and Corporation Tax Act 1988, housing co-operatives do not have to pay corporation tax on rental income provided that rent solely comes from members.

  • As a registered charity, the Society is entitled to claim exemption from the charge to tax on income and charitable gains in Section 805 Income and Corporation Tax Act 1992.

  • The principal Act in the UK is the Income and Corporation Tax Act 1988, but certain amendments have been made in subsequent yearly Finance Acts, which are preceded by Budget statements and Finance Bills.

  • The government has maintained that Section 577A of the Income and Corporation Tax Act 1998, which denies tax relief for any payment the making of which constitutes the commission of a criminal offence, has made bribes not-tax deductible in the UK for some time.

  • A breach of section 842AA of the Income and Corporation Tax Act 1988 could result in the Company being subject to capital gains on the sale of investments.

Related to Income and Corporation Tax Act

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Foreign nonprofit corporation means an entity:

  • Tax Act means the Income Tax Act (Canada).

  • Disregarded Entity means a single member limited liability company, a qualifying subchapter S subsidiary, or another entity if the company, subsidiary, or entity is a disregarded entity for federal income tax purposes.

  • U.S. Tax Code means the United States Internal Revenue Code of 1986, as amended.

  • Domestic Corporation means an entity that is treated as a corporation for U.S. federal income tax purposes and is a United States person under Section 7701(a)(30) of the Code.

  • Publicly traded partnership means any partnership, an interest in which is regularly traded on an established securities market. A “publicly traded partnership” may have any number of partners.