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CD 27: Property made available intra-group
or “Rules for when property shared between related companies isn't a dividend”
You could also call this:

“Transfers of certain financial deals between related companies are not taxed as dividends”

When a company transfers a special type of financial arrangement called an ‘excepted financial arrangement’ to another company in the same group, it doesn’t count as a dividend. This only applies when all the companies involved are owned by the same parent company. There’s a specific rule about this in [section ED 2] that explains more about these transfers.

You might wonder what an ‘excepted financial arrangement’ is. It’s a special term used in tax law for certain types of financial deals or agreements. The important thing to remember is that when these special arrangements are moved between companies that are all owned by the same parent company, it’s not treated as if the company is giving out money or assets to its shareholders.

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Next up: CD 29: Non-taxable bonus issues

or “Free extra shares from a company that you don't pay tax on”
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Part C Income
Income from equity

CD 28Transfers of certain excepted financial arrangements within wholly-owned groups

  1. When section ED 2 (Transfers of certain excepted financial arrangements within wholly-owned groups) applies to a transfer of an excepted financial arrangement within a wholly-owned group of companies, the transfer does not give rise to a dividend.

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