Bonus share capital, conversion/exchange

Bonus share capital, meaning

Generally

In lieu of cash dividend, meaning

Capital gains

Capital gains tax

Corporation tax

Discretionary trust, charge of deemed income at higher Schedule F rate

Discretionary trusts

Distributions

Enhanced stock dividends received by trustees of interest in possession trusts

Group distributions

Income tax charge

Bonus share capital, meaning

Cash equivalent of share capital

Conversion etc. of bonus share capital

Generally

Income charged

Income tax treated as paid

Person liable

When stock dividend income arises

Measurement of income

Real estate investment trusts

Generally

Returns

Shares issued pre-6 April 1975

Trustees