[F121(1)In this Schedule—U.K.
“assignment of rights” has the meaning given by paragraph 2(1);
“contract” includes any agreement;
“conveyance” includes any instrument;
“free-standing transfer” has the meaning given by paragraph 2(2);
“pre-completion transaction” (in relation to a contract such as is mentioned in paragraph 1(1)) has the meaning given by paragraph 1(2);
“qualifying subsale” has the meaning given by paragraph 16(8);
“the transferee”, in relation to a pre-completion transaction, has the meaning given by paragraph 1(2)(a);
“the transferor”, in relation to a pre-completion transaction, has the meaning given by paragraph 2(3).
(2)In this Schedule—
(a)references to “the original contract” are to be read in accordance with paragraph 1(1)(a);
(b)references to “the original purchaser” are to be read in accordance with paragraph 1(1)(a) and see also sub-paragraph (3);
(c)references to “part of the subject-matter of the original contract” are to be read in accordance with paragraph 1(7);
(d)references to the “subject-matter” of a pre-completion transaction are to be read in accordance with paragraph 2(4);
(e)references to substantial performance of the original contract “by the transferee” (in cases involving an assignment of rights) are to be read in accordance with paragraph 4(7).
(3)For any one contract for the acquisition of a chargeable interest there is only one original purchaser (disregarding cases involving joint purchasers).]
Textual Amendments
F1Sch. 2A inserted (with effect in accordance with Sch. 39 para. 11 of the amending Act) by Finance Act 2013 (c. 29), Sch. 39 para. 3