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Finance Act 2006
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2(1)In paragraph 10 (transfer of chargeable interest to a partnership: general), for sub-paragraphs (2) to (4) substitute—U.K.
“(2)The chargeable consideration for the transaction shall (subject to paragraph 13) be taken to be equal to—
where—
MV is the market value of the interest transferred, and
SLP is the sum of the lower proportions.”
(2)In sub-paragraph (6) of that paragraph, omit “(instead of sub-paragraphs (2) to (5))”.
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