Paragraph 7 I1
Except as otherwise provided, the value of any chargeable consideration for a land transaction, other than—
(a)
money (whether in sterling or another currency), or
(b)
debt as defined for the purposes of paragraph 8 (debt as consideration),
is to be taken to be its market value at the effective date of the transaction.
Annotations
Commencement
- I1
Sch. 4 para. 7 in force at 1.4.2018 by S.I. 2018/34, art. 3