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Legislation
Capital Gains Tax Act 1979 (repealed 6.3.1992)

Crossheading Valuation

  • Section 150 Valuation: general.
  • Section 151 Assets disposed of in a series of transactions.
  • Section 152 Unquoted shares and securities.
  • Section 153 Value determined for capital transfer tax.
  1. Valuation
  2. Value determined for capital transfer tax.

Section 153 | Value determined for capital transfer tax.

From legislation.gov.uk

Where on the death of any person capital transfer tax is chargeable on the value of his estate immediately before his death and the value of an asset forming part of that estate has been ascertained (whether in any proceedings or otherwise) for the purposes of that tax, the value so ascertained shall be taken for the purposes of this Act to be the market value of that asset at the date of the death.

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