[681BB Taxation of consideration]
Income Tax Act 2007 (2007 c 3) | Legislation

[Taxation of consideration]

[681BB  Taxation of consideration]

[(1)     An appropriate amount must be found under subsection (3) or (4) of—

(a)     the consideration received by L for the assignment or surrender, or

(b)     each instalment of the consideration (if it is paid in instalments).

(2)     For the purposes of the Income Tax Acts the appropriate amount must be treated in accordance with subsections (6) to (8) and not as a capital receipt.

(3)

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