{
  "url": "https://openlegislation.uk/finance-act-2004/schedule-39/paragraph-24",
  "json_url": "https://openlegislation.uk/finance-act-2004/schedule-39/paragraph-24.json",
  "legislation": "ukpga/2004/12",
  "legislation_title": "Finance Act 2004",
  "legislation_url": "https://openlegislation.uk/finance-act-2004",
  "path": "schedule/39/paragraph/24",
  "kind": "paragraph",
  "number": "24",
  "heading": null,
  "text": "In Schedule 19 (commencement and transitional provisions), after paragraph 4 (contracts entered into before the implementation date) insert—\n“Contracts substantially performed after implementation date\n4A Where—\n(a) a transaction is effected in pursuance of a contract entered into before the first relevant date,\n(b) the contract is substantially performed, without having been completed, after the implementation date, and\n(c) there is subsequently an event within paragraph 3(3) by virtue of which the transaction is an SDLT transaction,\nthe effective date of the transaction shall be taken to be the date of the event referred to in paragraph (c) (and not the date of substantial performance).\nApplication of provisions in case of transfer of rights\n4B (1) This paragraph applies where section 44 (contract and conveyance) has effect in accordance with section 45 (effect of transfer of rights).\n(2) Any reference in paragraph 3, 4 or 4A to the date when a contract was entered into (or made) shall be read, in relation to a contract deemed to exist by virtue of section 45(3) (deemed secondary contract with transferee), as a reference to the date of the assignment, subsale or other transaction in question.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/24",
    "retrieved_at": "2026-10-29T09:17:16.113356+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}