SDLTM07100 - Scope: who is chargeable: general FA03/S43
It is the purchasers responsibility to fulfil any reporting requirements and pay the tax due.
The purchaser is the person who acquires the subject matter of a land transaction. The identity of the purchaser will depend on the nature of the land transaction. For example
| Transaction | Purchaser |
|---|---|
| Land transfer | Transferee |
| Conveyance | Transferee |
| Assignment | Assignee |
| Assignation | Assignee |
| Grant of lease | Lessee or tenant |
| Surrender of lease | Landlord |
| Grant of rights including easement, servitude or profit a prendre | Person who becomes entitled to the right |
| Variation | Person whose estate, interest or right is benefited or enlarged |
| Making or release of a covenant or condition | Person whose estate, interest or right is benefited or enlarged |
It is the duty of the purchaser, or each of them, to complete and send a land transaction return to HM Revenue & Customs, although it may be done by their agent.
FA03/SCH10/PARA1 states that the land transaction return must include a declaration by the purchaser, or each of them, that the return is to the best of their knowledge correct and complete.
Even if completed by the purchaser바카라 사이트™s agent the declaration must be signed by the purchaser.