Related Commentary  Related CasesRelated HMRC Manuals

243(1)  This section applies to a transfer of land forming part only of a holding of land to an authority exercising or having compulsory powers where–

(a)the amount or value of the consideration for the transfer, or if the transfer is not for full consideration in money or money’s worth, the market value of the land transferred, is small, as compared with the market value of the holding as it subsisted immediately before the transfer, and

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