http://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/57A
Income Tax Act 2007
An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.
text
text/xml
en
Statute Law Database
2024-05-18
Expert Participation
2024-02-22
Income Tax Act 2007
s. 788(7)
Legal Services Act 2007
Sch. 21
para. 161(b)
s. 29
192
193
s. 211(2)
art. 2(h)
Income Tax Act 2007
s. 24B
Finance (No. 2) Act 2023
Sch. 2
para. 10(3)
Sch. 2
para. 14(3)(a)
SCHEDULES
SCHEDULE 2Transitionals and savings
Part 6Losses on disposal of shares
F1Application in relation to corresponding bonus shares
Annotations:
Amendments (Textual)
57A
1
For the purposes of this Part of this Schedule, if—
a
any shares (“the original shares”) have been issued to an individual before a particular date, or are treated under this paragraph as having been issued to the individual before a particular date, and
b
any corresponding bonus shares are issued to the individual on or after that date,
the bonus shares are treated as having been issued at the time the original shares were issued to the individual 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 6 of Part 4.
Sch. 2 para. 57A and cross-heading inserted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 571(3) (with Sch. 2)