PART 4LIABILITY
Transfer of assumed liabilityI132
1
A person who has assumed liability to pay CIL in respect of a chargeable development (P1) may transfer that assumption of liability to another person (P2) by submitting a liability transfer notice to the collecting authority.
2
A liability transfer notice must—
a
be submitted in writing on a form published by the Secretary of State (or a form to substantially the same effect); and
b
include the particulars specified or referred to in the form.
3
A liability transfer notice must be received by the collecting authority no later than the day on which the final payment of CIL is due in respect of the chargeable development.
4
On receiving a valid liability transfer notice the collecting authority must send an acknowledgement of its receipt to P1 and P2.
5
On the day on which the collecting authority receives a valid liability transfer notice, P2—
a
is deemed to have assumed liability to pay CIL in respect of the chargeable development; and
b
becomes liable to pay the outstanding amount of CIL payable in respect of the chargeable development.
6
A liability transfer notice is valid if it complies with the requirements of paragraph (2).