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Section 75A

Philip Ridgway Barrister Temple Tax Chambers asks if bona fide purchasers in land transactions should be worried by FA 2003 s 75A?
The question I wish to pose and attempt to answer in this article is: 'Does a party to a land transaction who pays full market value and accounts for the duty as prescribed by the legislation on that transaction have anything to worry about under FA 2003 s 75A?' In other words could such a person be assessed to further duty (or be required to self-assess further duty) notwithstanding the fact that he or she has accounted for the full amount of duty on the transaction actually entered into? And for these purposes I am assuming the person in question is not entitled to any reliefs...

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