A person's acquisition or disposal of an asset is deemed to be for a consideration equal to the market value1 where:
(1) he acquires or disposes of it otherwise than by way of a bargain at arm's length2 and in particular if the acquisition or disposal is:
(a) by way of gift;
(b) on a transfer into settlement by a settlor3; or
(c) by way of a distribution4 from a company in respect of shares in the company5; or
(2) he acquires or, as the case may be, disposes of it:
(a) wholly or partly for a consideration that
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