80 Adjustment where contingency ceases or consideration is ascertained
Finance Act 2003 (2003 c 14) | Legislation

80  Adjustment where contingency ceases or consideration is ascertained

(1)     Where section 51 (contingent, uncertain or unascertained consideration) applies in relation to a transaction and—

(a)     in the case of contingent consideration, the contingency occurs or it becomes clear that it will not occur, or

(b)     in the case of uncertain or unascertained consideration, an amount relevant to the calculation of the consideration, or any instalment of consideration, becomes ascertained,

the following provisions have effect to require or permit reconsideration of how this Part applies to the transaction (and to any transaction in relation to which it is a linked transaction).

[(2)     If the effect of the new information is that a transaction becomes notifiable, the purchaser must make a return to HMRC within 14 days.

(2A)

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