[809Z8 Meaning of “the disposal proceeds”]
Income Tax Act 2007 (2007 c 3) | Legislation

[809Z8  Meaning of “the disposal proceeds”]

[(1)     In this Chapter, in relation to a sale or other disposal, “the disposal proceeds” means—

(a)     the consideration for the disposal, less

(b)     any agency fees that are deducted before the consideration is paid or otherwise made available to or for the benefit of the person making the disposal (“the transferor”) or any other relevant person.

(2)     The following rules apply in determining the consideration for the disposal.

(3)

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