Related Commentary  Related CasesRelated HMRC Manuals

119(1)  Except as otherwise provided, the effective date of a land transaction for the purposes of this Part is–

(a)the date of completion, or

(b)such alternative date as the Commissioners for Her Majesty's Revenue and Customs may prescribe by regulations.

119(2)  Other provision as to the effective date of certain descriptions of land transaction is made by–

section 44(4) (contract and conveyance: contract substantially performed without having been completed),

section 44A(3) (contract providing for conveyance to third party),

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