PART 6RETURNS AND PAYMENTS

CHAPTER 2LIABILITY FOR AND PAYMENT OF TAX

Liability for tax

I156Liability for tax

1

The buyer in a chargeable transaction must pay the tax in respect of that transaction and accordingly the buyer is chargeable to the tax for the purposes of TCMA.

2

As to the liability of buyers acting jointly, see—

a

sections 37 to 40 (joint buyers),

b

Schedule 7 (partnerships), and

c

Schedule 8 (trusts).