Section CD 4 — Income Tax Act 2007: Transfers of value generally

CD 4 Transfers of value generally Transfers of value from company (1) A transfer of value from a company to a person is a dividend if— (a) the cause of the transfer is a shareholding in the company, as described in section CD 6 ; and (b) none of the exclusions in sections CD 22 to CD 37 applies to the transfer. Calculation rules (2) Sections CD 38 to CD 42 apply for the purposes of calculating the amount of the dividend. Defined in this Act: company , dividend , transfer of value Compare: 2004 No 35 s CD 3