Related Commentary  

780(1)  For the purposes of this Chapter, account is to be taken of any method, however indirect, by which–

(a)any property or right is transferred or transmitted, or

(b)the value of any property or right is enhanced or diminished.

780(2)  Accordingly–

(a)the occasion of the transfer or transmission of any property or right however indirect, and

(b)the occasion when the value of any property or right is enhanced, may be an occasion when tax is charged under this Chapter.

780(3)  Subsections (1) and (2) apply in particular–

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