Transfer of business liability: transferor and transferee are jointly responsible for pre-transfer tax, transferee liable for supplies from transfer date.

Where a taxable person transfers a business, both transferor and transferee are jointly and severally liable for tax, interest and penalties due up to the time of transfer, whether determined before or after transfer. The transferee is liable to pay tax on supplies effected from the date of transfer and, if registered, must apply within the prescribed time to amend the certificate of registration.

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