Section 89 — Corporation Tax Act 2010: Deemed time of issue for certain shares

Deemed time of issue for certain shares 89 1 This section applies for the purposes of the following provisions— ... section 84(1)(a) and (2)(a), section 85(1), and section 88(2)(b).

2 If—

a any shares (“the original shares”) have been issued to a company, or are treated under this subsection as having been issued to the company at a particular time, and b any corresponding bonus shares are subsequently issued to the company, 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.