Section 568 Sales treated as being at market valueC1 C2 C3 C4

(1)

A sale of property that is not at market value is treated as being at market value if—

(a)

the control test is met, or

(b)

the tax advantage test is met.

(2)

This section is subject to any election under section 569.

Annotations

C1: Ss. 567-570 excluded (E.W.S.) (8.6.2005) by Railways Act 2005 (c. 14), s. 60(2), Sch. 10 para. 4(4); S.I. 2005/1444, art. 2(1), Sch. 1
C2: Ss. 567-570 excluded (E.W.S.) (24.7.2005) by Railways Act 2005 (c. 14), s. 60(2), Sch. 10 para. 24(4); S.I. 2005/1909, art. 2, Sch.
C3: Ss. 567-570 excluded (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 21(6)
C4: Ss. 567-570 excluded (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 38(6)