CD 7 Bonus issues in lieu of dividend
Bonus issues in lieu

(1)

A bonus issue in lieu is a dividend.

Amount of dividend

(2)

The amount of the dividend is the money or money’s worth offered as an alternative.

Defined in this Act: amount, bonus issue in lieu, dividend, pay, RWT

Compare: 2004 No 35 s CD 6

Section CD 7(2): amended (with effect on 1 October 2012), on 2 November 2012, by section 6 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).