449 Strips of government securities: manipulation of acquisition, transfer or redemption payments
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

449  Strips of government securities: manipulation of acquisition, transfer or redemption payments

(1)     This section applies if—

(a)     as a result of a scheme or arrangement an amount referred to in subsection (2)(a), (b) or (c) differs from the market value of a strip in a way specified in that subsection, and

(b)     the obtaining of a tax advantage by any person is the main benefit, or one of the main benefits, that might have been expected to accrue from,

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