SDLTM21520 - Outline of legislation
Outline of the legislation for pre-completion transactions
FA03/S45 introduces FA03/SCH2A which contains provisions about pre-completion transactions. The Schedule can be broken down into the following different areas.
Paragraphs 1-3 | Introductory provisions and key definitions |
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Paragraphs 4-8 | Assignments of rights |
Paragraphs 9-11 | Free-standing transfers |
Paragraphs 12-14 | Minimum consideration rule |
Paragraphs 15-18 | Relief for the transferor |
Paragraph 19 | Power to make regulations |
Paragraphs 20-21 | Additional definitions and interpretation |