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).
Payment of tax
I257Payment of tax
1
Where a buyer in a land transaction makes a return, the buyer must pay any amount, or any additional amount, of tax payable not later than the filing date for the return.
2
Where a buyer in a land transaction amends a return in respect of that transaction, the buyer must pay any amount, or any additional amount, of tax payable as a result of that amendment—
a
if the amendment is made by the filing date for that return, not later than that date, and
b
if the amendment is made after the filing date for the return, when the buyer gives notice of the amendment to WRA.
3
But see Chapter 3 (deferral of tax).