Finance Act 2006

23(1)For the purposes of this Part, a lease is “finalised” on the earliest day on which the following conditions are met.E+W+S+N.I.

(2)Condition 1 is that there is a contract in writing for the lease between the lessor and the lessee.

(3)Condition 2 is that either—

(a)the contract is unconditional, or

(b)if it is conditional, the conditions have been met.

(4)Condition 3 is that no terms remain to be agreed.