Scope: How much is chargeable: Contingent, uncertain or unascertained consideration: Definitions FA03/S51(3)
In relation to consideration
- contingent means to be paid or provided only if some uncertain future event occurs or to cease to be paid or provided if some uncertain future event occurs
- uncertain means amount or value depends on uncertain future events.
Where payment of an amount of consideration would be paid, provided a future event happens, then it should be assumed that event will happen and that amount will be paid.
Where an amount of consideration will cease to be payable provided a future event happens, then it should be assumed that event will not happen and that the amount will be paid.