The Act Part 2 – Key Concepts Chargeable interest Section 7 – Buyer and seller
26.Section 7 defines “buyer” and “seller”.(6) The “buyer” is the person acquiring the subject-matter of the transaction, and “seller” is the person disposing of the subject-matter of the transaction. But a person is not a buyer if they are not a party to or have not provided consideration for the transaction.
27.Defined terms used in this section: