Where the amount of cash consideration is known, but is not payable in one instalment, the rules work as follows:

Consideration in the form of money payable periodically for a defined period not exceeding 20 years is valued at the total to be paid

Consideration in the form of money payable periodically for a defined period exceeding 20 years, or payable in perpetuity, or for an indefinite period not ending with death is valued at the total amount that will or may be payable according to the terms of sale over a period of 20 years from the date of the instrument

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