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Home / Simons-Taxes /Business tax /Part B6 Property income and taxes /Division B6.7 Annual tax on enveloped dwellings (ATED) /´¡°Õ·¡¶Ù—d·É±ð±ô±ô¾±²Ô²µ²õ / B6.726 ATED—substantial performance of 'off plan' purchase
Commentary

B6.726 ATED—substantial performance of 'off plan' purchase

Business tax

This article considers the special rules which can apply in cases where a purchaser enters into a contract to purchase land and has a dwelling built on it and consideration is given for the transaction before construction or adaptation of the dwelling has started (ie the purchase is 'off plan').

The rules apply where1:

  1. Ìý

    (a)ÌýÌýÌýÌý a contract is entered into for the acquisition of a chargeable interest in or over land

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