Persons granting an interest in land, or a right over land, may not know the amount of the payment that they will receive in connection with the purchase at the time when they are treated as making a supply under the general rule described in V3.132. That is, the purchase money or compensation has not yet been determined. Alternatively, the consideration may take the form of rent, and be payable periodically or from time to time. Where this is so, special tax point rules apply as described below.
Compulsory purchase
An interest in, or right over, land may be compulsorily purchased under statutory powers. Where the consideration for a supply of goods arising in such circumstances cannot be ascertained at the time when the land is made available to the buyer, the goods are deemed to be supplied each time the grantor receives any payment for the purchase1.
Freehold
The grant or assignment of the fee simple (in England, the freehold and, in Scotland, the interest of the owner2)
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