1802.This section allows relief for losses that arise on disposals of strips of government securities. It is based on paragraph 14A of Schedule 13 to FA 1996.
1803.Subsection (7) prevents a double claim for loss relief by providing that relief cannot be claimed under this section if section 454 (listed securities held since 26 March 2003: relief for losses) applies.
Commentary on Sections Structure of Chapters Overview Section 446: Strips of government securities: relief for losses