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