Commentary

B6.726 ATED—substantial performance of 'off plan' purchase

Business tax
Business tax | Commentary

B6.726 ATED—substantial performance of 'off plan' purchase

Business tax | Commentary

B6.726 ATED—substantial performance of 'off plan' purchase

Special rules can apply in cases where a purchaser enters into a contract to purchase land and has a dwelling built on it and consideration is given for the transaction before construction or adaptation of the dwelling has started (ie the purchase is 'off plan').

Where1:

  1.  

    (a)     a contract is entered into for the acquisition of a chargeable interest in or over land that consists of or includes a building, or part of a building, that is to be constructed or adapted for use as a single dwelling

  2.  

    (b)     substantial performance takes place before

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