Section 443 Application of this Chapter to strips of government securities

United Kingdom

(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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

F1: Word in s. 443(2)(e) inserted (19.7.2007) by Finance Act 2007 (c. 11), s. 109, Sch. 26 para. 11(2)(a)
F2: S. 443(2)(g) repealed (19.7.2007) by Finance Act 2007 (c. 11), ss. 109, 114, Sch. 26 para. 11(2)(b), Sch. 27 Pt. 6(5)

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)