Section CD 7 — Income Tax Act 2007: Bonus issues in lieu of dividend

CD 7 Bonus issues in lieu of dividend Bonus issues in lieu (1) A bonus issue in lieu is a dividend. Amount of dividend (2) The amount of the dividend is the money or money’s worth offered as an alternative. Defined in this Act: amount , bonus issue in lieu , dividend , pay , RWT Compare: 2004 No 35 s CD 6 Section CD 7(2): amended (with effect on 1 October 2012), on 2 November 2012, by section 6 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).