# Finance Act 2003, Paragraph 1

Extent: E+W+S+N.I.

(1) The 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 the purchaser or a person connected with him.
(2) Section 1122 of the Corporation Tax Act 2010 (connected persons) applies for the purposes of sub-paragraph (1).

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/1 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-4/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.