798Meaning of “non-taxable consideration” etc
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(1)This section applies for the purposes of section 797.
(2)Consideration is non-taxable if (apart from section 796) it is not chargeable to income tax.
(3)Non-taxable consideration from which a deduction within subsection (4) is made is treated as received free of the deduction.
(4)A deduction is within this subsection if it is in consideration of any person’s agreeing to, or facilitating, any relevant disposal or exit event.