Part 4Savings and investment income
Chapter 8Profits from deeply discounted securities
Special rules for strips of government securities
F2F1450Market 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.