PART 2Key concepts
CHAPTER 3Chargeable transactions and chargeable consideration
Contingent, uncertain or unascertained consideration
19Uncertain 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.