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(b) a distribution by virtue only of subparagraph (ii), (iii)(I) or (v) of section 130(2)(d),

(c) a distribution made in respect of shares of a type referred to in paragraph (c) of the definition of “preference shares” in section 138(1), or

(1) (a) Notwithstanding sections 140, 141, 144, 145 and 147(2) 144 and 145 and 144 but subject to subsections (2) and (3), where a company which makes a distribution specifies, by notice in writing given to the inspector within 6 months of the end of the accounting period in which the distribution is made, the extent to which the distribution is to be treated for the purposes of sections 140, 141, 144, 145 and 147 144 and 145 and 144 as made for any accounting period or periods, the distribution shall be so treated for those purposes irrespective of the period of account for which it was made.

(1) (a) Notwithstanding sections 140, 141, 144, 145 and 147(2) 144 and 145 and 144 but subject to subsections (2) and (3), where a company which makes a distribution specifies, by notice in writing given to the inspector within 6 months of the end of the accounting period in which the distribution is made, the extent to which the distribution is to be treated for the purposes of sections 140, 141, 144, 145 and 147 144 and 145 and 144 as made for any accounting period or periods, the distribution shall be so treated for those purposes irrespective of the period of account for which it was made.

(b) A part of a distribution treated under paragraph (a) as made for an accounting period shall be treated for the purposes of sections 140, 141, 144 and 145 and 144, and subsections (1), (2) and (4) of section 147, as a separate distribution.

(c) would be deemed to have been made for the accounting period by virtue of subsection (9) of section 140 if that subsection were treated as applying for the purposes of this section as it applies for the purpose of that section.

(1) (a) Notwithstanding sections 140, 141, 144, 145 and 147(2) 144 and 145 and 144 but subject to subsections (2) and (3), where a company which makes a distribution specifies, by notice in writing given to the inspector within 6 months of the end of the accounting period in which the distribution is made, the extent to which the distribution is to be treated for the purposes of sections 140, 141, 144, 145 and 147 144 and 145 and 144 as made for any accounting period or periods, the distribution shall be so treated for those purposes irrespective of the period of account for which it was made.

(1) (a) Notwithstanding sections 140, 141, 144, 145 and 147(2) 144 and 145 and 144 but subject to subsections (2) and (3), where a company which makes a distribution specifies, by notice in writing given to the inspector within 6 months of the end of the accounting period in which the distribution is made, the extent to which the distribution is to be treated for the purposes of sections 140, 141, 144, 145 and 147 144 and 145 and 144 as made for any accounting period or periods, the distribution shall be so treated for those purposes irrespective of the period of account for which it was made.

(b) A part of a distribution treated under paragraph (a) as made for an accounting period shall be treated for the purposes of sections 140, 141, 144 and 145 and 144, and subsections (1), (2) and (4) of section 147, as a separate distribution.

(1) (a) Notwithstanding sections 140, 141, 144, 145 and 147(2) 144 and 145 and 144 but subject to subsections (2) and (3), where a company which makes a distribution specifies, by notice in writing given to the inspector within 6 months of the end of the accounting period in which the distribution is made, the extent to which the distribution is to be treated for the purposes of sections 140, 141, 144, 145 and 147 144 and 145 and 144 as made for any accounting period or periods, the distribution shall be so treated for those purposes irrespective of the period of account for which it was made.

(1) (a) Notwithstanding sections 140, 141, 144, 145 and 147(2) 144 and 145 and 144 but subject to subsections (2) and (3), where a company which makes a distribution specifies, by notice in writing given to the inspector within 6 months of the end of the accounting period in which the distribution is made, the extent to which the distribution is to be treated for the purposes of sections 140, 141, 144, 145 and 147 144 and 145 and 144 as made for any accounting period or periods, the distribution shall be so treated for those purposes irrespective of the period of account for which it was made.

(b) A part of a distribution treated under paragraph (a) as made for an accounting period shall be treated for the purposes of sections 140, 141, 144 and 145 and 144, and subsections (1), (2) and (4) of section 147, as a separate distribution.

R, S and T have the same meanings respectively as in section 144(8), and W is the amount of the distributions made by the company before 6 April 1989, which—

for that accounting period (where R, S and T have the same meanings respectively as in section 144(8)), the excess shall be deemed for the purposes of this section to be a distribution for the immediately preceding accounting period, and

reduced by the amount of each distribution, or part of each distribution, made before that day the day in question and on or after 6 April 1989, which is to be treated under this section, or which was treated under section 147, as made for that accounting period,