# Income Tax Act 2007, Section 798: Meaning of “non-taxable consideration” etc


(1) This section applies for the purposes of section 797.
(2) Consideration is non-taxable if (apart from section 796) it is not chargeable to income tax.
(3) Non-taxable consideration from which a deduction within subsection (4) is made is treated as received free of the deduction.
(4) A deduction is within this subsection if it is in consideration of any person's agreeing to, or facilitating, any relevant disposal or exit event.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/798 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-798
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.