Section 59: Consideration received.

(1) The consideration received on disposal of an asset includes the market value of consideration in kind.(2) Where an asset is disposed of by way of testamentary gift or by reason of intestacy, the disposer is treated as having received consideration equal to the adjusted cost base of the asset computed in accordance with subsection (7) of 'section 58. (3) Where an asset is disposed of to an associate or in a non-arm's length transaction other than by way of testamentary gift or by reason of intestacy, the disposer is treated as having received consideration equal to the greater of— a) the adjusted cost base of the disposer; and b) the. market value of the asset at the date of disposal. (4) Where two or more assets are disposed of in a single transaction and the consideration paid for each asset is not specified, the total consideration received is apportioned among the assets disposed of in proportion to their respective market values at the time of the transaction.