28.Sections 8 and 9 establish the general rule that where a contract is to be completed by a conveyance it is the conveyance that represents the land transaction. This rule will apply in the majority of cases and ensures that a transaction is only charged to LBTT once. In a standard house purchase, the missives of sale are the contract and the disposition is the conveyance.
29.Special rules are provided for in sections 9 to 13.
30.Defined terms used in this section:
| “completion” | section 64 |
| “contract” | section 65 |
| “conveyance” | section 65 |