Related Commentary  Related HMRC Manuals

88  If–

(a)a short-life asset is disposed of at less than market value,

(b)the disposal is not one in respect of which an election is made under section 89(6), and

(c)there is no charge to tax under ITEPA 2003,

the disposal value to be brought into account for the purposes of Chapter 5 is the market value of the asset.

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