SCHEDULES

SCHEDULE 19Stamp duty land tax: commencement and transitional provisions

F1Contracts substantially performed after implementation date

4A

Where—

(a)

a transaction is effected in pursuance of a contract entered into before the first relevant date,

(b)

the contract is substantially performed, without having been completed, after the implementation date, and

(c)

there is subsequently an event within paragraph 3(3) by virtue of which the transaction is an SDLT transaction,

the effective date of the transaction shall be taken to be the date of the event referred to in paragraph (c) (and not the date of substantial performance).