SCHEDULES

SCHEDULE 2Transitionals and savings

Part 14Tax avoidance

Individuals in partnership: exit charge

151

1

In section 806 at Step 4 non-taxable consideration received before 10 February 2004 is excluded.

2

In section 806 at Step 5—

a

the reference to section 805 includes a reference to section 127 of FA 2004, and

b

the reference to chargeable events includes a reference to chargeable events for the purposes of section 127 of FA 2004.