Part 4Savings and investment income

Chapter 8Profits from deeply discounted securities

F1Special rules for corporate strips

F2452AApplication of this Chapter to corporate strips

(1)

All corporate strips are treated as deeply discounted securities for the purposes of this Chapter, whether or not they would otherwise be so.

(2)

This Chapter applies to corporate strips subject to the rules in—

(a)

section 452F (corporate strips: acquisitions and disposals), and

(b)

section 452G (corporate strips: manipulation of acquisition, transfer or redemption payments).