Valid from 18/10/2017
Valid from 01/04/2018
This section has no associated Explanatory Notes
15(1)For the purposes of paragraph 14 (see Step 1), a person is a relevant owner if—E+W
(a)immediately before the transaction, the person was entitled to a proportion of the chargeable interest, and
(b)immediately after the transaction, the person is a partner or is connected with a partner.
(2)For the purposes of paragraph 14 and this paragraph, persons who are entitled to a chargeable interest as beneficial joint tenants are taken to be entitled to the chargeable interest as beneficial tenants in common in equal shares.