811. Consideration in general.

The Taxation of Chargeable Gains Act 1992 does not define the term 'consideration'. There are some specific rules1 but otherwise the word bears its normal meaning2.

If the consideration for a disposal is money, the money is the amount of the consideration. If it is anything other than money, then it has to be valued3. If the consideration is not money, but has been given an agreed value by the parties, the value may be conclusive if the agreement is bona fide and at arm's length