Related Commentary  Related CasesRelated HMRC Manuals

85(1)  The purchaser is liable to pay the tax in respect of a chargeable transaction.

85(2)  As to the liability of purchasers acting jointly see–

section 103(2)(c) (joint purchasers);

Part 2 of Schedule 15 (partners); and

paragraph 5 of Schedule 16 (trustees).

85(2A)  Where relief is withdrawn to any extent under paragraph 5L of Schedule 4A (qualifying housing co-operatives) in a case to which paragraph 5L(4) or (7) applies–

(a)subsection (1) does not apply in relation to the additional tax payable as a result of the withdrawal of the relief, and

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