http://www.legislation.gov.uk/ukpga/2010/4/schedule/2/part/5/crossheading/application-in-relation-to-corresponding-bonus-shares/2012-07-17
Corporation Tax Act 2010
An Act to restate, with minor changes, certain enactments relating to corporation tax and certain enactments relating to company distributions; and for connected purposes.
text
text/xml
en
Statute Law Database
2024-06-11
Expert Participation
2012-07-17
Corporation Tax Act 2010
s. 658(1)(d)
(e)
Finance Act 2010
Sch. 6
para. 31
Sch. 6
para. 35
Corporation Tax Act 2010
s. 357
CHA
Finance Act 2024
Sch. 2
para. 14(7)
Sch. 2
para. 16(2)
Schedules
SCHEDULE 2Transitionals and savings etc
Part 5Losses on disposal of shares
Application in relation to corresponding bonus shares
51
1
For the purposes of this Part of this Schedule, if—
a
any shares (“the original shares”) have been issued to a company before a particular date, or are treated under this paragraph as having been issued to the company before a particular date, and
b
any corresponding bonus shares are issued to the company on or after that date,
the bonus shares are treated as having been issued at the time the original shares were issued to the company or are treated as having been so issued.
2
In this paragraph “bonus shares” and “corresponding bonus shares” have the same meaning as in Chapter 5 of Part 4.