Commentary on Sections Overview Overview Section 436: Consideration
1241.This section defines “consideration”. It is based on section 587B(7)(b) of ICTA.
1242.The section reproduces the relevant material in section 48 of TCGA (consideration due after time of disposal), to which section 587B(7)(b) cross-refers. The main thrust of section 48 of TCGA is that full value is to be introduced into the computation of the gain. Only on a subsequent claim is the consideration to be reduced, either because the right to receive any amount is contingent or because any part of the consideration proves to be irrecoverable.