Sales: date of sale
The date of sale is either
- the date of the contract note, or
- (if appropriate) the date on which any option to sell or purchase was granted, s.189.In the case of appropriations (
IHTM34153) the date of sale is the date of appropriation, Re Charteris, Charteris v Biddulph  2 Ch 379. Formal evidence, such as an instrument of appropriation, will normally exist to demonstrate that steps were taken to vest assets in the legatee.