1236. Application Of Stamp Duty Land Tax Provisions To Partnerships. | Taxation Law | LexisNexis

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1236. Application of stamp duty land tax provisions to partnerships.

For the purposes of the stamp duty land tax provisions¹, a chargeable interest² held by or on behalf of a partnership³ is treated as held by or on behalf of the partners, and a land transaction⁴ entered into for the purposes of a partnership is treated as entered into by or on behalf of the partners, and not by or on behalf of the partnership as such⁵.

In relation to transactions entered into as purchaser⁶ by or on behalf of the members of a partnership:

(1) anything required or authorised to be done under the stamp duty land tax provisions

(4) Stamp Duty Land Tax

1199. Stamp duty land tax.

1200. The charge to stamp duty land tax; meaning of 'land transaction'.

1201. The charge to stamp duty land tax; meaning of 'chargeable interest'.

1202. Contract for a land transaction; conveyance for purposes of charge to stamp duty land tax.

1203. Contract providing for conveyance to third party for purposes of charge to stamp duty land tax.

1204. Exchanges for purposes of charge to stamp duty land tax.

1205. Options and rights of pre-emption for purposes of charge to stamp duty land tax.

1206. Transfer of an interest in a property-investment partnership for purposes of charge to stamp duty land tax.

1207. Meaning of 'lease' for purposes of charge to stamp duty land tax.

1208. Assignment of lease, variation of lease and increase of rent for purposes of charge to stamp duty land tax.

1209. Chargeable consideration; in general.

1210. Variable or uncertain rent.

1211. Loan or deposit in connection with grant or assignment of lease.

1212. Transfer of a chargeable interest to or from a partnership.

1213. Amount or value of chargeable consideration.

1214. Exchanges.

1215. Contingent, uncertain or unascertained consideration; in general.

1216. Annuities etc: chargeable consideration limited to 12 years' payments.

1217. Deemed market value where a transaction involves a connected company.

1218. Lease and leaseback arrangements involving public or educational bodies.

1219. Amount of tax chargeable to stamp duty land tax.

1220. Where chargeable consideration includes rent.

1221. Exempt transactions; in general.

1222. Relief from stamp duty land tax provided for first-time buyers.

1223. Other miscellaneous reliefs from stamp duty land tax.

1224. Right to buy, shared ownership leases etc.

1225. Alternative property finance and alternative finance investment bonds.

1226. Anti-avoidance provisions; in general.

1227. Disclosure of tax avoidance schemes.

1228. Duty to deliver land transaction return; in general.

1229. Returns, enquiries, assessments and appeals made in connection with stamp duty land tax.

1230. Registration of land transactions; certificates.

1231. Liability for and payment of tax.

1232. Interest on tax and penalties.

1233. Application of stamp duty land tax provisions to companies.

1234. Application of stamp duty land tax provisions to unit trust schemes, open-ended investment companies and co-ownership authorised contractual schemes.

1235. Application of stamp duty land tax provisions to joint purchasers.

1236. Application of stamp duty land tax provisions to partnerships.

1237. Application of stamp duty land tax provisions to trusts and powers.

1238. Application of stamp duty land tax provisions to persons acting in a representative capacity.

1239. Application of stamp duty land tax provisions to the Crown.

1240. Management.

1241. Collection and recovery.

1242. Information and inspection powers.

1243. Order of judicial authority for the delivery of documents.

1244. Power to allow further time and reasonable excuse for failure.

1245. Admissibility of evidence.

1246. Cross-tax penalties.

1247. Stamp duty land tax offences and penalties.

1248. Land transaction tax (Wales); overview.