PART 4Returns and payment
CHAPTER 2Payment of tax
41Application to defer payment in case of contingent or uncertain consideration
1
The buyer may apply to the Tax Authority to defer payment of tax in a case where—
a
the amount of tax payable depends on the amount or value of chargeable consideration that, at the effective date of the transaction, is contingent or uncertain, and
b
the chargeable consideration falls to be paid or provided on one or more future dates of which at least one falls, or may fall, more than 6 months after the effective date of the transaction.
2
An application under this section must—
a
be in the form specified by the Tax Authority, and
b
contain the information specified by the Tax Authority.
3
An application under this section does not affect the buyer’s obligations as regards payment of tax in respect of chargeable consideration that—
a
has already been paid or provided at the time the application is made, or
b
is not contingent and whose amount is ascertained or ascertainable at the time the application is made.
4
Subsection (3) applies as regards both the time of payment and the calculation of the amount payable.
5
Unless the Scottish Ministers provide otherwise by order, this section does not apply to consideration so far as it consists of rent.