Debts: satisfied by acquisition of property: disposal by debtor
TCGA92/S251 (3) provides that the debtor is treated as having disposed of the property for an amount no greater than its market value. However see CG53516 if the asset is an issue of shares or securities.
A debtor owing a debt of £100,000 persuades the creditor to accept land with a market value £70,000 in full satisfaction of the debt. The debtor is treated as having disposed of the land for £70,000.