Section 928 — Corporation Tax Act 2009: Exchanges

Exchanges 928 1 In this Part references to the sale of property include the exchange of property.

2 In this section— references to property include know-how, and references to the sale of property include the disposal of know-how.

3 For the purposes of subsection (1), any provision of this Part referring to a sale has effect with the necessary modifications, including, in particular, those in subsections (4) and (5).

4 References to the proceeds of sale and to the price include the consideration for the exchange.

5 References to capital sums included in the proceeds of sale include references to so much of the consideration for the exchange as would have been a capital sum if it had been a money payment.