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

443Application of this Chapter to strips of government securities

1

All 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 strips subject to the rules in—

a

section 445 (strips of government securities: acquisitions and disposals),

b

section 446 (strips of government securities: relief for losses),

c

section 447 (restriction of profits on strips by reference to original acquisition cost),

d

section 448 (restriction of losses on strips by reference to original acquisition cost),

e

section 449 (strips of government securities: manipulation of acquisition, transfer or redemption payments), F1and

f

section 450 (market value of strips etc.), and

g

F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .