Who is liable to pay duty on relevant acquisition?
89 Who is liable to pay duty on relevant acquisition?
Duty payable for a relevant acquisition is jointly and severally payable by—
the person who made the relevant acquisition; and
the landholder in which the interest is acquired by the making of the relevant acquisition; and
if the relevant acquisition is made because of an aggregation of interests under section 86 (1) (a) (ii)—each person whose interest is included in the aggregation; and
if the relevant acquisition is made under section 86 (1) (b)—each person who has an interest mentioned in that provision.
In this section:
landholder, for a private unit trust scheme, includes a trustee of the scheme.
This Act’s bill:Explanatory statementSecond reading speech
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