Related Commentary  Related HMRC Manuals

829  [Omitted by FA 2016, s. 77(4).]


S. 829 omitted by FA 2016, s. 77(4), with effect in relation to disposals on or after 5 July 2016, subject to the transitional provisions in FA 2016, s. 81(4)–(15). Former s. 829 read as follows:

“Cases where consideration receivable by person not assessed

829(1)  This section applies if a company (“A”) is assessed to tax under this Part in respect of consideration receivable by another person (“B”).

829(2)  Consideration is not regarded as having become receivable by B for this purpose until B can effectively enjoy or dispose of it.

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