Commentary

D9.522 Market value of strips

Corporate tax
Corporate tax | Commentary

D9.522 Market value of strips

Corporate tax | Commentary

D9.522 Market value of strips

Valuation on or after 6 April 2015

Strips and securities quoted in the Stock Exchange Daily Official List

For valuation dates on or after 6 April 20151 regulations2 provide that when valuing strips or securities the market value is:

  1.  

    (a)     on any day the Stock Exchange is open, the lower of the two prices shown in the List for that day as the closing price for the strips or securities plus one-half of the difference between those two figures (ie the mid-price in sources such as newspapers where only one price is quoted); and

  2.  

    (b)     on any day the Stock Exchange

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