http://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/5/2009-08-13
Finance Act 2007
An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.
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2024-06-13
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2009-08-13
Finance Act 2007
Sch. 24
para. 4A(A1)
(1)
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Sch. 24
para. 21A(A1)
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SCHEDULES
SCHEDULE 26Meaning of "recognised stock exchange" etc
Valuation of shares listed on recognised stock exchange for purposes of TCGA 1992 etc
5
1
In ITTOIA 2005, for sections 450 and 451 substitute—
450Market 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.
2
The amendment made by sub-paragraph (1) has effect where the date of valuation falls on or after such day as may be appointed by the Treasury by order; and different days may be appointed for different purposes.