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VAT - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Recovery of outstanding tax arrears from the purchaser of the ...


Bona Fide Purchaser Exempt from Third Party Tax Arrears Under Securitisation Act; No Liability for Prior Debts.

November 15, 2019

Case Laws     VAT and Sales Tax     HC

Recovery of outstanding tax arrears from the purchaser of the property - The petitioner being a bona fide purchaser who has purchased the subject property in sale proceedings under the Securitisation Act prior to any charge having been created in favour of the first respondent has no liability to discharge the debts of the third respondent.

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