
Print Options
PrintThe Whole
Act
PrintThe Whole
Schedule
PrintThe Whole
Part
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Paragraph 23


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 01/01/2013.
Changes to legislation:
Finance Act 2003, Paragraph 23 is up to date with all changes known to be in force on or before 24 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Transfer of chargeable interest from a partnership to a partnershipU.K.
[23(1)This paragraph applies where—
(a)there is a transfer of a chargeable interest from a partnership to a partnership, and
(b)the transfer is both—
(i)a transaction to which paragraph 10 applies, and
(ii)a transaction to which paragraph 18 applies.
[(2)Paragraphs 10(2) and 18(2) do not apply.
(2A)The chargeable consideration for the transaction shall be taken to be what it would have been if paragraph 10(2) had applied or, if greater, what it would have been if paragraph 18(2) had applied.
(3)Where the whole or part of the chargeable consideration for the transaction is rent—
(a)paragraphs 11 and 19 do not apply;
(b)the tax chargeable in respect of so much of the chargeable consideration as consists of rent shall be taken to be what it would have been if paragraph 11 had applied or, if greater, what it would have been if paragraph 19 had applied;
(c)the disapplication of the 0% band provided for by paragraph [9A] of Schedule 5 has effect if—
(i)it would have had effect if paragraph 11(2B) of this Schedule had applied, or
(ii)it would have had effect if paragraph 19(2B) of this Schedule had applied.]]
Back to top