Related Commentary  

358(1)  This section applies if–

(a)corresponding bonus shares are issued to the investor in respect of any shares (“the original shares” ) included in the investment, and

(b)the original shares have been continuously held by the investor, as sole beneficial owner, from the time they were issued until the issue of the bonus shares.

358(2)  A proportionate part of any amount attributed to the original shares, in respect of a tax year, immediately before the bonus shares are issued is attributed to each of the shares in the holding consisting of the original shares and the bonus shares, in respect of that year.

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