CAT / FIA FTX Syllabus D. Capital Gains Tax - Market value and the transfer value - Notes ^{2 / 5}

Market value may be used in calculating a gain when the disposal is a gift, not a bargain at arm's length or for consideration that cannot be valued.

General rules

Usually the disposal consideration is the proceeds of sale of the asset, but a disposal is deemed to take place at market value:

1. Where the disposal is not a bargain at arm's length

2. Where the disposal is by way of a gift