PART 2Key concepts
CHAPTER 3Chargeable transactions and chargeable consideration
Contingent, uncertain or unascertained consideration
I119Uncertain or unascertained consideration
1
Subsection (2) applies where the whole or part of the chargeable consideration for a transaction is uncertain or unascertained.
2
The amount or value of the consideration is to be determined on the basis of a reasonable estimate.
3
In this section, “uncertain”, in relation to consideration, means its amount or value depends on uncertain future events.