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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Consideration for disposal: market value: gratuitous benefit conferred

The gratuitous benefit conferred on the other party to the transaction need not be a price difference. It could consist of other favourable terms of a contract, for example a very long time to pay the consideration. However, unless the price paid differs from market value, the application of the market value rule will have no direct effect.