There are several types of distributions as detailed in D5.102 and two of these categories relate to redeemable share capital and securities which may be treated as distributions under paragraphs C and D of CTA 2010, s 1000(1), respectively.
A distribution will arise if a company makes an issue of securities or redeemable shares and does not receive an equivalent value of new consideration in return, ie it is a bonus issue1.
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