Paragraph 8

In Schedule 9 to the Taxation of Chargeable Gains Act 1992 (gilt-edged securities), after paragraph 1 there shall be inserted the following paragraph—

“1A

(1)

Any security which is a strip of a security which is a gilt-edged security for the purposes of this Act is also itself a gilt-edged security for those purposes.

(2)

In this paragraph “strip” has the same meaning as in section 47 of the Finance Act 1942.”