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Finance Act 1951

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2A sale in the open market between buyer and seller independent of each other pre-supposes—

(a)that the price is the sole consideration ; and

(b)that the price made is not influenced by any commercial, financial or other relationship, whether by contract or otherwise, between the seller or any person associated in business with him and the buyer or any person associated in business with him (other than the relationship created by the sale of the goods in question); and

(c)that no part of the proceeds of the subsequent re-sale, use or disposal of the goods will accrue either directly or indirectly to the seller or any person associated in business with him.

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