{
  "url": "https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992/section-109",
  "json_url": "https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992/section-109.json",
  "legislation": "ukpga/1979/14",
  "legislation_title": "Capital Gains Tax Act 1979 (repealed 6.3.1992)",
  "legislation_url": "https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992",
  "path": "section/109",
  "kind": "section",
  "number": "109",
  "heading": "Part disposal: consideration exceeding allowable expenditure.",
  "text": "(1) The provisions of sections 107(2) and 108(2) above shall have effect subject to this section.\n(2) Where the allowable expenditure is less than the consideration for the part disposal (or is nil)—\n(a) the said provisions shall not apply, and\n(b) if the recipient so elects (and there is any allowable expenditure)—\n(i) the consideration for the part disposal shall be reduced by the amount of the allowable expenditure, and\n(ii) none of that expenditure shall be allowable as a deduction in computing a gain accruing on the occasion of the part disposal or on any subsequent occasion.\nIn this subsection “allowable expenditure” means expenditure which, immediately before the part disposal, was attributable to the holding of land under paragraphs (a) and (b) of section 32(1) above.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "See Finance Act 1989 (c. 26, SIF 63:2), s. 141 and Sch. 15 para. 3"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1979/14/section/109",
    "retrieved_at": "2026-10-29T10:18:25.768570+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}