Paragraph 9 F1

(1)

The deemed disposal shall be taken—

(a)

to be for a consideration equal to the whole or, as the case may be, a corresponding part of the market value of each of the assets concerned, and

(b)

to be a disposal under a bargain at arm’s length.

(2)

Sub-paragraph (1)(a) shall be read with paragraph 13(4)(b) where the value of the assets changes during the period between the beginning of the disposal and its effective completion.

Annotations

Textual amendments

F1: Sch. 4A inserted (with application in accordance with s. 91(3) of the amending Act) by Finance Act 2000 (c. 17), s. 91(2), Sch. 24