OpenLegislation

Section 20 Uncertain or unascertained considerationI1

(1)

Where the whole or part of the chargeable consideration for a transaction is uncertain or unascertained, its amount or value is to be determined for the purposes of this Act on the basis of a reasonable estimate.

(2)

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

Annotations

Commencement

I1

S. 20 in force at 1.4.2018 by S.I. 2018/34, art. 3