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

Where:

  1.  

    (1)     there is a transfer of an interest in a property-investment partnership1;

  2.  

    (2)     the relevant partnership property includes a chargeable interest2,

the transfer is taken for the purposes of the stamp duty land tax provisions3 to be a land transaction4 which is a chargeable transaction