Section 70

Cross references

SDLTRA 2020, s. 1(5): for any land transaction with effective date in period beginning 8 July 2020 and ending with 31 March 2021, Sch. 9 to have effect as if para. 15 and 16 were omitted.


RIGHT TO BUY TRANSACTIONS

Related Commentary  Related HMRC Manuals

1(1)  In the case of a right to buy transaction–

(a)section 51(1) (contingent consideration to be included in chargeable consideration on assumption that contingency will occur) does not apply, and

(b)any consideration that would be payable only if a contingency were to occur, or that is payable only because a contingency has occurred, does not count as chargeable consideration.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.