Schedule 4ZA, Part 2, paragraph 9(2)

For this purpose a debtor enters into a transaction with a person at an undervalue if— he makes a gift to that person or he otherwise enters into a transaction with that person on terms that provide for him to receive no consideration; he enters into a transaction with that person in consideration of marriage or the formation of a civil partnership; or he enters into a transaction with that person for a consideration the value of which, in money or money's worth, is significantly less than the value, in money or money's worth, of the consideration provided by the individual.

← 1 · All articles · 10 →

Source: legislation.gov.uk · retrieved 2026-09-04