Author: Hamilton Forrest
Hamilton Forrest, Partner, Fladgate LLP (firstname.lastname@example.org)
This new 14 day time limit will apply to:
The effective date of a land transaction is generally the date of completion. Where, however, a contract is substantially performed before completion that will give rise to an effective date.
A contract is substantially performed for these purposes when either:
All that said, the current 30 day pay and file time limit will continue to apply in certain circumstances where, following the filing of an earlier return, a further return is required. One such circumstance is where a transaction is followed by a later linked transaction requiring a return or further return.