Income Tax (Trading and Other Income) Act 2005

154Regulations for determining market value of securities or stripsU.K.
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(1)The Treasury may by regulations make provision for the purposes of sections 151 and 152 as to the manner of determining the market value at any time of a gilt-edged security (including any strip).

(2)The regulations may—

(a)make different provision for different cases, and

(b)contain such incidental, supplemental, consequential and transitional provision as the Treasury consider appropriate.

(3)The power in this section does not affect the power under section 202(5) of FA 1996 (gilt stripping).