56Liability for tax
This section has no associated Explanatory Notes
(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).