Section 339(3)

For the purposes of this section and sections 341 and 342, an individual 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.

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