{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-452E",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-452E.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/452E",
  "kind": "section",
  "number": "452E",
  "heading": "Meaning of “corporate strip” in Chapter 8",
  "text": "(1) In this Chapter “corporate strip” means any asset—\n(a) which is, or has at any time been, one of the separate assets mentioned in section 452C(1), and\n(b) which is not prevented from being a corporate strip by subsection (2) or (3).\n(2) An asset is not a corporate strip if it—\n(a) represents the right to, or\n(b) secures,\npayments of, or corresponding to, a part of every payment remaining to be made under an interest-bearing corporate security or a corporate strip.\n(3) An asset is a corporate strip in the case of any person only if he acquired it—\n(a) on or after 2nd December 2004, and\n(b) otherwise than in pursuance of an agreement entered into before that date.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Ss. 452A-452G and preceding cross-heading inserted (retrospectively) by Finance (No. 2) Act 2005 (c. 22), s. 39, Sch. 7 para. 25(8)(10)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Ss. 452A-452G and preceding cross-heading inserted (retrospectively) by Finance (No. 2) Act 2005 (c. 22), s. 39, Sch. 7 para. 25(8)(10)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/452E",
    "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."
}