This section has no associated Explanatory Notes
51(1)For the purposes of this Part of this Schedule, if—U.K.
(a)any shares (“the original shares”) have been issued to a company before a particular date, or are treated under this paragraph as having been issued to the company before a particular date, and
(b)any corresponding bonus shares are issued to the company on or after that date,
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.
(2)In this paragraph “” and “” have the same meaning as in Chapter 5 of Part 4.