Deferred consideration: shares and securities: rights acquired pre-26/4/88
Paragraph 4 of ESC/D27 dealt with cases where
- the right to unascertainable consideration was acquired before 26 April 1988, and
- under the agreement the right could be satisfied in cash or some other alternative to shares or debentures, and
- there was a maximum amount to the consideration.
The conditions for TCGA92/S135 to apply also have to be met as a result of the application of this part of the concession.