{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/schedule-1/paragraph-459",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/schedule-1/paragraph-459.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "schedule/1/paragraph/459",
  "kind": "paragraph",
  "number": "459",
  "heading": null,
  "text": "After section 410 insert—\n“Conversion etc of bonus share capital\n410A (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.\n(2) Section 410 does not apply to any shares in the company issued—\n(a) in connection with the conversion or exchange, and\n(b) in consideration of the cancellation, extinguishment or acquisition by the company of the bonus share capital.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/459",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}