38 Acquisition and disposal costs etc
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

38  Acquisition and disposal costs etc

(1)     Except as otherwise expressly provided, the sums allowable as a deduction from the consideration in the computation of the gain accruing to a person on the disposal of an asset shall be restricted to—

(a)     the amount or value of the consideration, in money or money's worth, given by him or on his behalf wholly and exclusively for the acquisition of the asset, together with the incidental costs to him of the acquisition or, if the asset was not acquired by him, any expenditure wholly and exclusively incurred by him

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