# Income Tax Act 2007, Section 809T: Foreign chargeable gains accruing on disposal made otherwise than for full consideration

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

(1) This section applies if—
(a) foreign chargeable gains accrue to an individual on the disposal of an asset, and
(b) the individual does not receive consideration for the disposal of an amount at least equal to the market value of the asset.
(2) For the purposes of this Chapter treat the asset as deriving from the chargeable gains.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/809T (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-809T
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.