Part 14Income tax liability: miscellaneous rules

F1Chapter A1Remittance basis

Remittance of income and gains: supplementary

809TForeign chargeable gains accruing on disposal made F2otherwise than for full consideration

(1)

This section applies if—

(a)

foreign chargeable gains accrue to an individual on the disposal of an asset, and

(b)

the individual does not receive consideration for the disposal of an amount F3at least equal to the market value of the asset.

(2)

For the purposes of this Chapter treat the asset as deriving from the chargeable gains.