# Finance Act 1974, Paragraph 15


Where an interest in land is under subsection (1) of the principal section or sub-paragraph (3) of paragraph 2 of this Schedule deemed to have been disposed of, the consideration for which the disposal is deemed to have been made shall for the purposes of [the Capital Gains Tax Act 1979 ] be disregarded if, had it been actually paid, it would under [section 31 of that Act] fall to be excluded from the consideration for the disposal taken into account in the computation under [Chapter II of Part II of that Act] of the gain accruing on the disposal.

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Source: https://www.legislation.gov.uk/ukpga/1974/30/schedule/9/paragraph/15 (the official version)
Page: https://openlegislation.uk/finance-act-1974/schedule-9/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.