Land and Buildings Transaction Tax (Scotland) Act 2013 (asp 11)

PART 2 Key concepts

CHAPTER 3 Chargeable transactions and chargeable consideration

Contingent, uncertain or unascertained consideration

19 Uncertain 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.