CG40720 - Recovery of CT from shareholders: assessment under TCGA92 S189: amount

TCGA92/S189

The amount of Corporation Tax to which a shareholder connected with the company may be charged cannot exceed the lower of

• the value of the capital distribution the shareholder received or has become entitled to receive
• the proportion of the Corporation Tax payable on the chargeable gain which is the same as the proportion the shareholder received of the capital distribution made by the company.