Practical Law UK Glossary 9-107-7094 (Approx. 3 pages)
Glossary
Qualifying distribution
An individual (or other non-corporate) recipient of a qualifying distribution made by a UK-resident company was, prior to 6 April 2016, entitled to a tax credit of one ninth of the amount of the distribution. All distributions were qualifying distributions other than, broadly, a bonus issue of redeemable shares (section 1136, Corporation Tax Act 2010).