§ 1.562-3. Distributions by a member of an affiliated group.
101 words·~1 min read·
/us/cfr/t26/s§ 1.562-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A personal holding company which files or is required to file a consolidated return with other members of an affiliated group may be required to file a separate personal holding company schedule by reason of the limitations and exceptions provided in section 542(b) and § 1.542-4. Section 562(d) provides that in such case the dividends paid deduction shall be allowed to the personal holding company, with respect to a distribution made to any member of the affiliated group, if such distribution would constitute a dividend if it were made to a shareholder which is not a member of the affiliated group.