189 Capital distribution of chargeable gains: recovery of tax from shareholder
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

Recovery of tax otherwise than from tax-payer company

189  Capital distribution of chargeable gains: recovery of tax from shareholder

(1)     This section applies where a person who is connected with a company resident in the United Kingdom receives or becomes entitled to receive in respect of shares in the company any capital distribution from the company, other than a capital distribution representing a reduction of capital, and—

(a)     the capital so distributed derives from the disposal of assets in respect of which a chargeable gain accrued to the company; or

(b)     the distribution constitutes such a disposal of assets;

and that person is referred to below as “the shareholder”.

(2)

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