Is there a flipside to TCGA 1992 s48?

Consideration not paid

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If on a disposal not all consideration is received, an adjustment under TCGA 1992 s48 can be made to reduce the taxable consideration. But what about the other side? Individual buys property with a £500k mortgage (100%) and the bank later releases £200k of it. Does the taxpayer have to adjust his base cost because he has actually paid only £300k? My guess is no, because the original seller will still have accounted for the £500k, but just want confirmation (or otherwise).

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