Chargeable consideration is defined in Sch. 4 (and further, in relation to leases, in Sch. 5 and Sch. 17A) to FA 2003. Chargeable consideration in relation to leases is discussed in ¶60-000ff.

Chargeable consideration for a transaction ‘is, except as otherwise expressly provided, any consideration in money or money's worth given for the subject matter of the transaction, directly or indirectly, by a purchaser or any person connected with him’: FA 2003, Sch. 4, para. 1. The remaining paragraphs of Sch. 4 contain rules which specify the amount of the chargeable consideration in particular cases.

For ‘money or money's worth’, see ¶40-405.

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