PART 2Key concepts
CHAPTER 1Land transactions and chargeable interests
Acquisition and disposal of chargeable interest
I17Buyer and seller
1
The buyer, in relation to a land transaction, is the person who acquires the subject-matter of the transaction.
2
But a person is treated as the buyer only where that person has given consideration for, or is a party to, the transaction.
3
The seller, in relation to a land transaction, is the person who disposes of the subject-matter of the transaction.