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A good understanding of land conditional contracts, options and rights of pre-emption is vital for those seeking to secure land for development. Vendors often want to sell and extract the value of their land, whilst securing the opportunity to benefit from further profits later. Drafting effective overage agreements is tricky and errors can lead to substantial losses. All practitioners need to understand the Stamp Duty Land Tax implications of any transaction they are asked to implement.
Written in a practical and user-friendly style by experts in the field, this book demystifies the subject, assisting practitioners to maximise their profit opportunities and understand the potential pitfalls. It adopts a transaction-based approach, includes examples throughout and benefits from an extensive collection of precedents. The book includes coverage on the different types of contracts available, overage agreements and the impact of the Stamp Duty Land Tax regime.