SCHEDULE 18Trusts
PART 5Settlements: payment of tax and returns
15Liability to pay the tax
Where the trustees of a settlement are liable to pay the tax, the payment may be recovered (but only once) from any one or more of the responsible trustees.
16Liability to make returns
A return in relation to a land transaction may be made by any one or more of the responsible trustees in relation to the transaction (the “relevant trustees”).
17Duty to make declaration
The declaration required by section 36(1) or (2)(a) must be made by all the relevant trustees.
18Responsible trustees
The responsible trustees, in relation to a land transaction, are—
a
the persons who are trustees at the effective date of the transaction, and
b
any person who subsequently becomes a trustee.