(1)For the purposes of this Chapter a transfer of a right to relevant receipts consisting of the reduction in the transferor's share in the profits or losses of a partnership is to be regarded as a consequence of a transfer of an asset from which the right arose (that is, the partnership property) F1....
F2(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Words in s. 756(1) omitted (with effect in accordance with Sch. 17 para. 27(4) of the amending Act) by virtue of Finance Act 2014 (c. 26), Sch. 17 para. 27(2)
F2S. 756(2)(3) omitted (with effect in accordance with Sch. 17 para. 27(4) of the amending Act) by virtue of Finance Act 2014 (c. 26), Sch. 17 para. 27(3)