Related Commentary  Related HMRC Manuals

421(1)  In this Chapter and Chapters 2 to 5market value”  has the same meaning as it has for the purposes of TCGA 1992 by virtue of Part 8 of that Act.

421(2)  Where consideration for anything is given in the form of an asset (as opposed to a payment), any reference in this Chapter or any of Chapters 2 to 5 to the amount of the consideration is to the market value of the asset.


Pt. 7, Ch. 1 (and the heading of that Part), including s. 421, substituted by FA 2003, s. 140 and Sch. 22, para. 2. So far as relating to:

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