85Liability for taxU.K.
(1)The purchaser is liable to pay the tax in respect of a chargeable transaction.
(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).
[F1(2A)Where relief is withdrawn to any extent under paragraph 5L of Schedule 4A (qualifying housing co-operatives) in a case to which paragraph 5L(4) or (7) applies—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
(b)the relevant successor is liable to pay that additional tax.
(2B)In subsection (2A) “the relevant successor” has the same meaning as it has in subsections (1C), (1D) and (3)(e) of section 81 (see subsections (6) and (7) of that section).]
[F2(3)Where relief given in respect of a transaction entered into under alternative finance arrangements is withdrawn to any extent under any of paragraphs 6D, 6F, 6G [F3, 6H and 6I] of Schedule 4A (higher rate: alternative finance arrangements) [F4or under Part 3 of Schedule 6C (relief for freeport tax sites) in a case to which paragraph 11 of that Schedule (alternative finance arrangements) applies]—
(a)subsection (1) does not apply in relation to the additional tax payable as a result of the withdrawal of the relief, and
(b)the relevant person is liable to pay that additional tax.
(4)In subsection (3) “the relevant person” [F5has the same meaning as in section 81ZA (see subsections (6) and (7) of that section)].]
Textual Amendments
F1S. 85(2A)(2B) inserted (with effect in accordance with s. 89(4) of the amending Act) by Finance Act 2021 (c. 26), Sch. 17 para. 4(2)
F2S. 85(3)(4) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by Finance Act 2013 (c. 29), Sch. 40 para. 5
F3Words in s. 85(3) substituted (with effect in accordance with s. 89(4) of the amending Act) by Finance Act 2021 (c. 26), Sch. 17 para. 4(3)
F4Words in s. 85(3) inserted (10.6.2021) by Finance Act 2021 (c. 26), Sch. 23 para. 5
F5Words in s. 85(4) substituted (with effect in accordance with s. 89(4) of the amending Act) by Finance Act 2021 (c. 26), Sch. 17 para. 4(4)
Commencement Information
I1Pt. 4 wholly in force at Royal Assent subject to Sch. 19, see s. 124, Sch. 19 para. 1(1)