Page 10 - F6 - Capital Gains Tax - Proceeds, Cost Price & Roll-Overs

Disposals And Donations Not At Arm’s-

length Or To A Connected Person (Par 38)

When a person disposes of an asset

 as a donation, or

 for a consideration not measurable in money, or

 to a connected person for a consideration not @ an

arm’s-length price

then the disposal is treated as a disposal @ MV.

The person who acquires the asset is treated as having

acquired it for a base cost = market value.