http://www.legislation.gov.uk/ukpga/2007/3/section/798/enacted
Income Tax Act 2007
Income Tax
Visual Impairment
Couples
King's Printer of Acts of Parliament
2021-08-04
Income Tax Act 2007
s. 788(7)
Legal Services Act 2007
Sch. 21
para. 161(b)
s. 29
192
193
s. 211(2)
art. 2(h)
Part 13Tax avoidance
Chapter 5Avoidance involving trading losses
Individuals claiming relief for film-related trading losses
798Meaning of “non-taxable consideration” etc
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.