{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-89",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-89.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/89",
  "kind": "section",
  "number": "89",
  "heading": "Deemed time of issue for certain shares",
  "text": "(1) This section applies for the purposes of the following provisions—\n...\nsection 84(1)(a) and (2)(a),\nsection 85(1), and\nsection 88(2)(b).\n(2) If—\n(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\n(b) any corresponding bonus shares are subsequently issued to the company,\nthe 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.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 89(1) omitted (with effect in accordance with s. 38(3) of the amending Act) by virtue of Finance Act 2020 (c. 14), s. 38(2)(b)(iii)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/89",
    "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."
}