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