§ Resolved,
§ That—
§
(1) Where a qualifying distribution—
§ the trustees shall be treated for all purposes of the Tax Acts (but not this Resolution) as if the qualifying distribution were a foreign income dividend.
§
(2) Paragraph (1) above shall not apply—
§
(3) In this Resolution—
- (a) a charity, as defined in section 506(1) of the Income and Corporation Taxes Act 1988;
- (b) a body mentioned in section 507 of that Act; or
- (c) an Association of a description specified in section 508 of that Act.
§ And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.