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26 Stock Dividends (Income Tax)

Volume 890: debated on Monday 21 April 1975

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Motion made, and Question,

That charges to income tax may be imposed in connection with the issue on or after 6th April 1975 by any company, in respect of any shares in the company, of additional or bonus share capital whether in consequence of the excise (before, on or after that date) of an option to receive in respect of those shares either a dividend in cash or additional share capital or in other circumstances.—[Mr. Healey.]

put forthwith pursuant to Standing Order No. 94 (Ways and Means motions), and agreed to.