# Taxation of Chargeable Gains Act 1992, Paragraph 9


(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.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/4A/paragraph/9 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-4A/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.