Statute
Section 410A — Corporation Tax Act 2010: Conversion etc of bonus share capital
Text of the provision Official document
Conversion etc of bonus share capital 410A 1 This section applies if bonus share capital falling within section 410(1)(b) is converted into, or exchanged for, shares in the company of a different class.
2 Section 410 does not apply to any shares in the company issued—
a in connection with the conversion or exchange, and b in consideration of the cancellation, extinguishment or acquisition by the company of the bonus share capital.
Official source: legislation.gov.uk
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