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Section 19 Uncertain or unascertained considerationI1

(1)

Subsection (2) applies where the whole or part of the chargeable consideration for a transaction is uncertain or unascertained.

(2)

The amount or value of the consideration is to be determined on the basis of a reasonable estimate.

(3)

In this section, “uncertain”, in relation to consideration, means its amount or value depends on uncertain future events.

Annotations

Commencement

I1

S. 19 in force at 1.4.2015 by S.S.I. 2015/108, art. 2