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Home / Simons-Taxes /IHT, trusts and estates /Part I7 Special reliefs /Division I7.3 Agricultural property relief (APR) /APR and contracts for sale / I7.344 APR and Missives of Sale in Scotland
Commentary

I7.344 APR and Missives of Sale in Scotland

IHT, trusts and estates

In Scotland the sale of heritable property is usually effected by Missives of Sale which form the binding contract.

Normally the formal conveyance or disposition in favour of the purchaser is delivered against payment of the purchase price on the date of entry, all in terms of the Missives. Circumstances do arise where the disposition (sometimes in terms of the Missives) is not delivered

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