http://www.legislation.gov.uk/ukpga/2007/3/section/681DIIncome Tax Act 2007An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.texttext/xmlenStatute Law Database2026-01-23Expert Participation2026-01-20 Income Tax Act 2007s. 788(7)Legal Services Act 2007Sch. 21 para. 161(b)s. 29 192 193s. 211(2)art. 2(h) Part 12AChapter 4681DI1This section applies for the purposes of this Chapter if a person disposes of an interest in an asset to a person who is the first person's associate (and the interest may be the lessee's interest in a lease of the asset or the lessor's interest or any other interest).2The person disposing of the interest must be treated as obtaining in respect of it the greatest of—athe sum in fact obtained by the person,bthe value of the interest in the open market, andcthe value of the interest to the person to whom it is in effect transferred.3The disposal—amay be direct or indirect, andbmay be effected by a transaction or series of transactions described in section 681DG(b) or 681DH(3).Pt. 12A Ch. 4 inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 4 para. 5 (with Sch. 9 paras. 1-9, 22)Pt. 12A inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 4 para. 2 (with Sch. 9 paras. 1-9, 22)