Commentary on Sections Overview Overview Section 798: Meaning of “non-taxable consideration” etc
2341.This section defines “non-taxable consideration”. It is based on sections 122(3) and 123(2) of FA 2004.
2342.In particular, the section makes it clear that, if the consideration is received after deduction of costs or any other payment relating to the relevant disposal or exit event, it is the gross amount that is treated as the non-taxable consideration.