Commentary on Sections Part 5 – Application of Act and Tcma to Certain Persons and Bodies Section 37 – 40 - Joint buyers
56.Sections 37 - 40 set out how the provisions of this Act and TCMA apply to joint buyers (other than partners and trustees). Joint buyers are jointly and severally liable to comply with the obligations imposed on the buyer by this Act and TCMA. This includes compliance with making returns, and paying any tax due. However, declarations must be made by all the buyers.