90 Application to defer payment in case of contingent or uncertain consideration
Finance Act 2003 (2003 c 14) | Legislation

90  Application to defer payment in case of contingent or uncertain consideration

(1)     The purchaser may apply to the Inland Revenue to defer payment of tax in a case where the amount payable depends on the amount or value of chargeable consideration that—

(a)     at the effective date of the transaction is contingent or uncertain, and

(b)     falls to be paid or provided on one or more future dates of which at least one falls, or may fall, more than six months after the effective date of the transaction.

(2)     The Inland Revenue may make provision by regulations for carrying this section into effect.

(3)

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