(1) The debtor has not entered into a transaction with any person at an undervalue during the period between—
(a) the start of the period of two years ending with the application date; and
(b) the determination date.
(2) For this purpose a debtor enters into a transaction with a person at an undervalue if—
(a) he makes a gift to that person or he otherwise enters into a transaction with that person on terms that provide for him to receive no consideration;
(b) he enters into a transaction with that person in consideration of marriage or the formation of a
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