{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-450",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-450.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/450",
  "kind": "section",
  "number": "450",
  "heading": "Market value of strips etc.",
  "text": "(1) The Treasury may make regulations as to the manner for determining—\n(a) the market value at any time of a strip for the purposes of this Chapter, and\n(b) the market value at any time of a security exchanged for strips of that security for the purposes of section 445(1).\n(2) The regulations may—\n(a) make different provision for different cases, and\n(b) contain incidental, supplemental, consequential and transitional provision and savings.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "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"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/450",
    "retrieved_at": "2026-10-29T09:16:32.370392+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}