(1) a partner transfers a chargeable interest to the partnership1; or
(2) a person transfers a chargeable interest to a partnership in return for an interest in the partnership; or
(3) a person connected2 with a partner, or with a person who becomes a partner as a result of or in connection with the transfer, transfers a chargeable interest to the partnership,
the chargeable consideration for the transaction is taken for the purposes of the stamp duty land tax provisions3 to be equal to the percentage resulting from multiplying the market value (MV)4 of the interest transferred by (100
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234