59. Nature of item apportioned on sale of estate or interest in land.

If:

  1.  

    (1)     a person or a company sells1 an estate or interest in land2;

  2.  

    (2)     on the sale a part of a receipt or outgoing in respect of the estate or interest is apportioned3 to the seller; and

  3.  

    (3)     the receipt or outgoing is receivable or to be paid by the buyer after the apportionment is made,