CFM72490 - Other tax rules on corporate finance: securitisation: periods beginning on or after 1 January 2007: the regulations: 바카라 사이트˜retained profit바카라 사이트™: dividends received
Dividends received
The question may arise as to whether dividends received by a securitisation company are included in its 바카라 사이트˜retained profit바카라 사이트™. This will depend on the terms of the relevant capital market arrangement and of any related transactions. Generally speaking, if the company is required to apply dividends received (along with other available funds) in accordance with the company바카라 사이트™s 바카라 사이트˜cash management바카라 사이트™ provisions, the company바카라 사이트™s 바카라 사이트˜retained profit바카라 사이트™ will be based on the profit retention provided for in the cash management provisions.
In that case, the 바카라 사이트˜retained profit바카라 사이트™ will not be specifically attributable to, or increased by, the amount of the dividends as such. On the other hand (again, generally speaking), if the company is not required to apply dividends received in any particular way, the amount of the dividends received will as such comprise or be added to the company바카라 사이트™s retained profit. In the latter case, the securitisation company will be taxed on the amount of the dividends received, unless they are received from another securitisation company.