SCHEDULES
SCHEDULE 15Stamp duty land tax: partnerships
F1Part 3Transactions to which special provisions apply
Interpretation: transfer of chargeable interest from a partnership
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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.