243 Part disposal to authority with compulsory powers
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

243  Part disposal to authority with compulsory powers

(1)     This section applies to a transfer of land forming part only of a holding of land to an authority exercising or having compulsory powers where—

(a)     the amount or value of the consideration for the transfer, or if the transfer is not for full consideration in money or money's worth, the market value of the land transferred, is small, as compared with the market value of the holding as it subsisted immediately before the transfer, and

(b)     the transferor had not taken any steps by advertising or otherwise to dispose of any part

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