[F19(1)The deemed disposal shall be taken—U.K.
(a)to be for a consideration equal to the whole or, as the case may be, a corresponding part of the market value of each of the assets concerned, and
(b)to be a disposal under a bargain at arm’s length.
(2)Sub-paragraph (1)(a) shall be read with paragraph 13(4)(b) where the value of the assets changes during the period between the beginning of the disposal and its effective completion.]
Textual Amendments
F1Sch. 4A inserted (with application in accordance with s. 91(3) of the amending Act) by Finance Act 2000 (c. 17), s. 91(2), Sch. 24