PART 7General and interpretation
Linked transactions
I157Linked transactions
1
Transactions are linked for the purposes of this Act if they form part of a single scheme, arrangement or series of transactions between the same seller and buyer or, in either case, persons connected with them.
2
Where there are two or more linked transactions with the same effective date, the buyer, or all of the buyers if there is more than one, may make a single return as if all of those transactions that are notifiable were a single notifiable transaction.
3
Where two or more buyers make a single return in respect of linked transactions, section 48 applies as if—
a
the transaction in question were a single transaction, and
b
those buyers were buyers acting jointly.
4
This section is subject to section 13(1) (exchanges).