119Meaning of “effective date” of a transactionU.K.
(1)Except as otherwise provided, the effective date of a land transaction for the purposes of this Part is the date of completion.
(2)Other provision as to the effective date of certain descriptions of land transaction is made by—
section 44(4) (contract and conveyance: contract substantially performed without having been completed), and
section 46(3) (options and rights of pre-emption).
Commencement Information
I1Pt. 4 wholly in force at Royal Assent subject to Sch. 19, see s. 124, Sch. 19 para. 1(1)