Related Commentary  Related Cases

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85(3)  Where relief given in respect of a transaction entered into under alternative finance arrangements is withdrawn to any extent under any of paragraphs 6D, 6F, 6G and 6H of Schedule 4A (higher rate: alternative finance arrangements)–

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