Section 450 Market value of strips etc.F2 F1

United Kingdom

(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.

Annotations

F1: S. 450 substituted for s. 450 (with effect in accordance with Sch. 26 para. 5(2) of the amending Act) by Finance Act 2007 (c. 11), Sch. 26 para. 5; S.I. 2015/635, art. 2
F2: S. 450 substituted for ss. 450, 451 (19.7.2007 with effect as stated in Sch. 26 para. 5(2) of the amending Act) by Finance Act 2007 (c. 11), s. 109, Sch. 26 para. 5(1); S.I. 2015/635, art. 2

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)