Section 9 Completion without substantial performanceI1C1
(1)
If the transaction is completed without previously having been substantially performed, the contract and the transaction effected on completion are treated as parts of a single land transaction.
(2)
In this case the effective date of the transaction is the date of completion.
Annotations
Modifications
- C1
S. 9 applied (1.4.2015) by The Land and Buildings Transaction Tax (Transitional Provisions) (Scotland) Order 2014 (S.S.I. 2014/377), arts. 1, 4(2)
Commencement
- I1
S. 9 in force at 1.4.2015 by S.S.I. 2015/108, art. 2