444 Meaning of “strip” in Chapter 8
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

444  Meaning of “strip” in Chapter 8

(1)     In this Chapter “strip”, in relation to any stock or bond (“the underlying security”), means a security which—

(a)     meets conditions A to C,

(b)     if it was acquired after 26th March 2003, was issued by or on behalf of the government of any territory, and

(c)     if it was acquired on or before that date, was issued under the

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