SCHEDULES

SCHEDULE 15Stamp duty land tax: partnerships

F1Part 3Transactions to which special provisions apply

Annotations:
Amendments (Textual)
F1

Sch. 15 Pt. 3 substituted (with effect in accordance with Sch. 41 para. 3 of the amending Act) by Finance Act 2004 (c. 12), Sch. 41 para. 1

37Interpretation: transfer of chargeable interest from a partnership

For the purposes of this Part of this Schedule, there is a transfer of a chargeable interest from a partnership in any case where—

a

a chargeable interest that was partnership property ceases to be partnership property, or

b

a chargeable interest is granted or created out of partnership property and the interest is not partnership property.