The following seven examples serve to summarise the effect of the transitional rules.

Example 87

Contract before 11.7.03. Substantial performance before 11.7.03. Completion on or after 1.12.03. No variation to contract.

Effect: Not a SDLT transaction. Subject to stamp duty on completion.

Example 88

Contract before 11.7.03. Substantial performance before 11.7.03. Completed by sub-sale on or after 1.12.03.

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