SCHEDULES
SCHEDULE 15Stamp duty land tax: partnerships
Part 2Ordinary partnership transactions
Introduction
5
1
This Part of this Schedule applies to transactions entered into as purchaser by or on behalf of the members of a partnership, other than transactions within Part 3 of this Schedule F1(transactions to which special provisions apply).
Responsibility of partners
6
1
Anything required or authorised to be done under this Part of this Act by or in relation to the purchaser under the transaction is required or authorised to be done by or in relation to all the responsible partners.
2
The responsible partners in relation to a transaction are—
a
the persons who are partners at the effective date of the transaction, and
b
any person who becomes a member of the partnership after the effective date of the transaction.
3
This paragraph has effect subject to paragraph 8 (representative partners).
Joint and several liability of responsible partners
7
1
Where the responsible partners are liable—
a
to make a payment of tax or to interest on unpaid tax,
b
to make a payment in accordance with an assessment under paragraph 29 of Schedule 10 (recovery of excessive repayment), or
c
to a penalty under this Part of this Act or to interest on such a penalty,
the liability is a joint and several liability of those partners.
F21A
No amount may be recovered by virtue of sub-paragraph (1)(a) or (b) from a person who did not become a responsible partner until after the effective date of the transaction in respect of which the tax is payable.
2
No amount may be recovered by virtue of sub-paragraph (1)(c) from a person who did not become a responsible partner until after the relevant time.
3
The relevant time for this purpose is—
a
in relation to so much of a penalty as is payable in respect of any day, or to interest on so much of a penalty as is so payable, the beginning of that day;
b
in relation to any other penalty, or interest on such a penalty, the time when the act or omission occurred that caused the penalty to become payable.
Representative partners
8
1
Anything required or authorised to be done by or in relation to the responsible partners may instead be done by or in relation to any representative partner or partners.
2
3
A representative partner means a partner nominated by a majority of the partners to act as the representative of the partnership for the purposes of this Part of this Act.
4
Any such nomination, or the revocation of such a nomination, has effect only after notice of the nomination, or revocation, has been given to the Inland Revenue.