SCHEDULES
SCHEDULE 19

Stamp duty land tax: commencement and transitional provisions

Contracts substantially performed after implementation date
4A
Where—
a
a transaction is effected in pursuance of a contract entered into before the first relevant date,
b
the contract is substantially performed, without having been completed, after the implementation date, and
c
there is subsequently an event within paragraph 3(3) by virtue of which the transaction is an
SDLT
transaction,
the effective date of the transaction shall be taken to be the date of the event referred to in paragraph (c) (and not the date of substantial performance).
Sch. 19 paras. 4A, 4B and cross-heading inserted (with effect in accordance with Sch. 39 para. 26 of the amending Act) by Finance Act 2004 (c. 12), Sch. 39 para. 24 (which amending provision re-enacts, subject to certain changes, a corresponding amendment made by the now revoked Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) (No. 2) Regulations 2003 (S.I. 2003/2816), see Sch. 39 para. 14)