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Dividends and distributable profits: part 4

The payment of dividends can be a difficult area with even listed companies falling foul of the law in recent years. In the fourth of eight articles, Croner-i tax and accounting writer David Duvall takes a detailed look at realised profits and losses

The definition of realised profits and losses has traditionally been a source of difficulty. It is necessary to consider not only the statutory requirements but also matters of common law and accounting standards. The technical release referred to in the first article in this series (Distribution of Profits: part 1, ICAEW/ICAS TR 02/17) was issued to help this consideration.

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