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The general rules are that a purchaser and a person deriving title from them are not liable as persons in whom property is vested unless the property is subject to an Inland Revenue charge, and that a disposition of property subject to an Inland Revenue charge takes effect subject to that charge¹, but there are significant exceptions for the protection of purchasers.

In England or Wales², a purchaser of a legal estate in land takes the estate free from the charge unless it was registered as a land charge (in the case of unregistered land) or, in the case of registered land, unless it was protected by notice on the register at the time of the disposition³. The time of the disposition is the time of completion, except in relation to a disposition of registered land which is required to be completed by registration, where it is the time of registration of the disposition⁴.

'Purchaser' means a purchaser in good faith for consideration