Article 6U.K.
1.Each Member State may exclude from the basis of assessment, as determined in accordance with Article 5, the amount of the capital contributed by a member with unlimited liability for the obligations of a capital company as well as the share of such a member in the company's assets.
2.Where a Member State exercises the power provided for in paragraph 1, the following shall be subject to capital duty:
the transfer of the effective centre of management of a capital company to another Member State which does not exercise that power;
the transfer of the registered office of a capital company whose effective centre of management is in a third country to another Member State which does not exercise that power;
any transaction as a result of which the liability of a member is limited to his share in the company's capital, in particular when the limitation of liability results from the conversion of a capital company into a different type of capital company.
Capital duty shall be charged in all such cases on the value of the share in the company's assets belonging to members with unlimited liability for the company's obligations.