Commentary

D9.505 Disposals and acquisitions at market value

Corporate tax
Corporate tax | Commentary

D9.505 Disposals and acquisitions at market value

Corporate tax | Commentary

D9.505 Disposals and acquisitions at market value

The following disposals are deemed to take place at market value1:

  1.  

    (a)     a transfer not at arm's length;

  2.  

    (b)     a transfer between connected persons;

  3.  

    (c)     a transfer for a consideration not wholly in money or money's worth;

  4.  

    (d)     a transfer treated as made on death;

  5.  

    (e)     a transfer by a personal representative to a beneficiary;

  6.  

    (f)     an exchange for or consolidation of strips (see D9.521)2;

  7.  

    (g)     a transfer of a DDS for shares or other securities.

A person acquiring a DDS where heads (a)–(g) above apply is deemed to have acquired it by payment

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