# Finance Act 2012, Paragraph 11


The amendments made by paragraph 7 do not have effect in relation to an instrument giving effect to a contract entered into on or before 16 March 2005, unless—
(a) the instrument is made in consequence of the exercise after that date of any option, right of pre-emption or similar right, or
(b) the instrument transfers the property in question to, or vests it in, a person other than the purchaser under the contract, because of an assignment (or assignation) or further contract made after that date.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/11 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-39/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.