# Finance Act 2003, Paragraph 16


Where the purchaser agrees to indemnify the vendor in respect of liability to a third party arising from breach of an obligation owed by the vendor in relation to the land that is the subject of the transaction, neither the agreement nor any payment made in pursuance of it counts as chargeable consideration.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-4/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.