Section 21K — Property (Relationships) Act 1976: Agreements made for valuable consideration

21K Agreements made for valuable consideration (1) Every agreement under section 21 or section 21A or section 21B is taken to have been made for valuable consideration. (2) Nothing in this section limits or affects the manner of determining, for the purposes of the Estate and Gift Duties Act 1968 , whether a disposition of property is a gift. Sections 21A to 21T were inserted, as from 1 August 2001, by section 21(1) Property (Relationships) Amendment Act 2001 (2001 No 5). See section 21(3) of that Act which states that for the purposes of applying Part 6 of the principal Act during the period beginning on 1 August 2001 and ending with the close of 31 January 2002, all terms used in that Part have the meanings given to them in sections 2 to 2D of the principal Act (as substituted by section 8 ) as if section 8 were in force during that period. See Part 9 of this Act as to the transitional and saving provisions.