Specified sum defined as any money receivable in relation to an immovable property transfer, including advances. The headnote defines Specified sum as any sum of money receivable in relation to the transfer of an immovable property, whether as an advance or ... Summary
Specified sum defined as any money receivable in relation to an immovable property transfer, including advances.
The headnote defines Specified sum as any sum of money receivable in relation to the transfer of an immovable property, whether as an advance or otherwise, and whether or not the transfer occurs; thus advances, deposits or other receipts connected to the transaction are treated as specified sums under the provision.
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