# Income Tax Act 2007, Paragraph 57A


(1) For the purposes of this Part of this Schedule, if—
(a) any shares (“the original shares”) have been issued to an individual before a particular date, or are treated under this paragraph as having been issued to the individual before a particular date, and
(b) any corresponding bonus shares are issued to the individual on or after that date,
the bonus shares are treated as having been issued at the time the original shares were issued to the individual or are treated as having been so issued.
(2) In this paragraph “bonus shares” and “corresponding bonus shares” have the same meaning as in Chapter 6 of Part 4.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/57A (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-2/paragraph-57A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.