[Code of Federal Regulations]
[Title 26, Volume 7]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.562-3]

[Page 302]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.562-3  Distributions by a member of an affiliated group.

    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 Sec. 
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.