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CD 2: Distribution excluded from being dividend
or “Some co-operative company distributions are not counted as dividends”
You could also call this:

“What counts as a dividend for tax purposes”

You need to know what a dividend is in the context of income for the Income Tax Act 2007. A dividend is defined in sections CD 4 to CD 20. These sections explain what counts as a dividend for tax purposes. If you want to understand what a dividend is, you should look at those sections for more details.

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Next up: CD 4: Transfers of company value generally

or “Rules for when a company gives value to shareholders”
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Part C Income
Income from equity

CD 3Meaning of dividend

  1. Sections CD 4 to CD 20 define what is a dividend.

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Notes
  • Section CD 3: amended, on , by section 128 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).