PART 7General and interpretation
Interpretation
I163Meaning of “effective date” of a transaction
1
Except as otherwise provided, the effective date of a land transaction for the purposes of this Act is—
a
the date of completion, or
b
such alternative date as the Scottish Ministers may prescribe by regulations.
2
Other provision as to the effective date of certain land transactions is made by—
a
section 10(2) (substantial performance of contract without F1completion),
b
section 11(4) (substantial performance of contract requiring conveyance to third party),
c
section 12(4) (options and rights of pre-emption), and
d
paragraph 25(2) of schedule 19 (agreement for lease substantially performed etc.).