Section 314

References to a person disposing of his property include a reference— (or to both); and references to the property disposed of are to any property obtained on the disposal. to his disposing of a part of it, or to his granting an interest in it, A person who makes a payment to another is to be treated as making a disposal of his property to the other, whatever form the payment takes. Where a person’s property passes to another under a will or intestacy or by operation of law, it is to be treated as disposed of by him to the other. A person is only to be treated as having obtained his property for value in a case where he gave unexecuted consideration if the consideration has become executed consideration.

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