Part 4Savings and investment income

C1Chapter 8Profits from deeply discounted securities

Annotations:
Modifications etc. (not altering text)
C1

Pt. 4 Ch. 8 applied (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 406(4), 1329(1) (with Sch. 2 Pts. 1, 2)

Special rules for strips of government securities

450F1Market value of strips etc.

1

The Treasury may make regulations as to the manner for determining—

a

the market value at any time of a strip for the purposes of this Chapter, and

b

the market value at any time of a security exchanged for strips of that security for the purposes of section 445(1).

2

The regulations may—

a

make different provision for different cases, and

b

contain incidental, supplemental, consequential and transitional provision and savings.