Section 402 — Corporation Tax Act 2009: Market value of securities

Market value of securities 402 1 References in section 401 to the market value of a security given or received in exchange for another are references to its market value at the time of the exchange.

2 The Treasury may by regulations make provision for the purposes of section 401 and this section as to the way of determining the market value at any time of—

a any strip, or b any other gilt-edged security.

3 The regulations may make—

a different provision for different cases, and b incidental, supplemental, consequential and transitional provision and savings.