Taxes Management Act 1970 section 75

Receivers appointed by a court

Section 75 deals with the income tax obligations of receivers appointed by a court who have direction and control over property that is subject to income tax.

• A court-appointed receiver who controls property on which income tax is chargeable must be assessed and charged to tax in the same manner and amount as if the property were not under the court's control.
• The receiver is personally answerable for complying with all requirements of the Income Tax Acts relating to assessment and payment of income tax.
• This applies to receivers appointed by any court in the United Kingdom.
• The effect is that court control over property does not alter or reduce the income tax liability — the receiver steps into the shoes of the property owner for tax purposes.