VCM91120 - CVS: investors and reliefs: dividends of a pre-determined amount

FA00/SCH15/PARA(2) & (3)

»Ê¹ÚÌåÓýapp dividends described in VCM91110 as ‘dividends of a pre-determined amountâ€� are dividends the amount of which:

  • does not change, or
  • is fixed by reference to rates or amounts (including a “nilâ€� rate) determined when the shares were issued (for example, dividends at a certain percentage for the first two years and thereafter at some other percentage), or
  • is fixed by reference to any of certain external rates or indices (for example, by reference to the Financial Times Share Index).

»Ê¹ÚÌåÓýappy do not include dividends the amount of which is fixed wholly or partly by reference to the results of the company’s business or the value of the company’s assets.