Paragraph 34C F1

(1)

This paragraph applies where an amount is paid, or is liable to be paid, in respect of a land transaction entered into as purchaser by or on behalf of the members of a partnership (within the meaning of Schedule 15).

(2)

Paragraphs 6 and 8 of Schedule 15 do not apply to a claim under paragraph 34 in respect of the amount.

(3)

A claim under paragraph 34 in respect of the amount—

(a)

may be made by a relevant person who has been nominated to make the claim by all of the relevant persons, and

(b)

may not be made by any other person.

(4)

In relation to such a claim, references in paragraph 34A to the claimant are to any of the relevant persons.

(5)

The relevant persons are—

(a)

any person who was a partner in the partnership at the effective date of the transaction, and

(b)

the personal representative of such a person.

Annotations

Textual amendments

F1: Sch. 10 paras. 34-34E substituted for Sch. 10 para. 34 (with effect in accordance with s. 28(2) of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 12 para. 2

Notes on Schedule 10

Modifications

C1: Sch. 10 applied (with modifications) (with effect in accordance with Sch. 61 para. 29(2)(a) of the amending Act) by Finance Act 2009 (c. 10), Sch. 61 para. 7(9)

Notes on Part 6

Textual amendments

F1: Words in Sch. 10 Pt. 6 heading inserted (with effect in accordance with s. 28(2) of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 12 para. 4(2)