(1)In this Act “non-cash asset” means any property or interest in property other than cash; and for this purpose “cash” includes foreign currency.
(2)A reference to the transfer or acquisition of a non-cash asset includes the creation or extinction of an estate or interest in, or a right over, any property and also the discharge of any person’s liability, other than a liability for a liquidated sum.
Modifications etc. (not altering text)
C1S. 739 applied (with modifications) (6.4.2001) by S.I. 2001/1090, reg. 4, Sch. 2 Pt. I