[414A Interpretation of Chapter]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[414A  Interpretation of Chapter]

[(1)     In this Chapter “bonus share capital” means—

(a)     share capital issued otherwise than wholly for new consideration, or

(b)     the part (if there is such a part) of any share capital so issued that is not properly referable to new consideration.

(2)     For the purposes of this Chapter share capital is issued by a company in lieu of a cash dividend if—

(a)     it is issued

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