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Obtaining and disposing of property
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211. References to a person disposing of his property include a reference—
(a)to his disposing of a part of it, or
(b)to his granting an interest in it,
(or to both), and references to the property disposed of are to any property obtained on the disposal.
(2) A person who makes a payment to another is to be treated as making a disposal of his property to the other, whatever form the payment takes.
(3) Where a person’s property passes to another under a will or intestacy or by operation of law, it is to be treated as disposed of by him to the other.
(4) A person is only to be treated as having obtained his property for value in a case where he gave unexecuted consideration if the consideration has become executed consideration.
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