In computing a gain, no allowance is made in the first instance in respect of a contingent liability of the following three kinds:
(1) any liability remaining with, or assumed by, a person assigning a lease of land or other property which is contingent on a default in respect of liabilities assumed by the assignee under the terms and conditions of the lease1;
(2) any contingent liability in respect of any covenant for quiet enjoyment or other obligation assumed by a person as vendor or lessor of land, or of any estate or interest in land2;
(3) any contingent
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