Section 85 | Liability for tax

(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).

(2A)Where relief is withdrawn to any extent under paragraph 5L of Schedule 4A (qualifying housing co-operatives) in a case to which paragraph 5L(4) or (7) applies—^F1

(a)subsection (1) does not apply in relation to the additional tax payable as a result of the withdrawal of the relief, and^F1

(b)the relevant successor is liable to pay that additional tax.^F1

(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).^F1

(3)Where relief given in respect of a transaction entered into under alternative finance arrangements is withdrawn to any extent under any of paragraphs 6D, 6F, 6G , 6H and 6I of Schedule 4A (higher rate: alternative finance arrangements) or under Part 3 of Schedule 6C (relief for special tax sites) in a case to which paragraph 11 of that Schedule (alternative finance arrangements) applies—^F2F3F4F5

(a)subsection (1) does not apply in relation to the additional tax payable as a result of the withdrawal of the relief, and^F2

(b)the relevant person is liable to pay that additional tax.^F2

(4)In subsection (3) “the relevant person” has the same meaning as in section 81ZA (see subsections (6) and (7) of that section).^F2F6