52 Annuities etc: chargeable consideration limited to twelve years' payments

52  Annuities etc: chargeable consideration limited to twelve years' payments

(1)     This section applies to so much of the chargeable consideration for a land transaction as consists of an annuity payable—

(a)     for life, or

(b)     in perpetuity, or

(c)     for an indefinite period, or

(d)     for a definite period exceeding twelve years.

(2)     For the purposes

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