Section 106 — Finance Act 2003: Persons acting in a representative capacity etc

Persons acting in a representative capacity etc 106 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 The personal representatives of a person who is the purchaser under a land transaction—

a are responsible for discharging the obligations of the purchaser under this Part in relation to the transaction, and b may deduct any payment made by them under this Part out of the assets and effects of the deceased person.

4 A receiver appointed by a court in the United Kingdom having the direction and control of any property is responsible for discharging any obligations under this Part in relation to a transaction affecting that property as if the property were not under the direction and control of the court.