Introduction Overview Overview Section 1088: Meaning of “chargeable payment”
3159.This section sets out four conditions A to D, all of which must be met for a payment to be treated as a chargeable payment. It is based on section 214(2) and (3) of ICTA.
3160.This section is supplemented by section 1089 if any company concerned in the exempt distribution is an unquoted company.