For the purposes of TCGA92/S210, in relation to disposals on or after 9 April 2003, ‘actual consideration’ is, with two exceptions, any consideration other than consideration that is deemed to be given for the purposes of Capital Gains Tax. The two exceptions are as follows.

Firstly, the amounts paid under the terms of a life insurance policy by way of premiums, or under the terms of a deferred annuity contract (whether as premiums or a lump sum), do not count as ‘actual consideration’ – TCGA92/S210 (4).

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