Paragraph 29 Acquisition of interest in partnership not chargeable except as specially providedF1
Except as provided by—
(a)
paragraph 10 (transfer of chargeable interest to a partnership), or
(b)
paragraph 14 (transfer of partnership interest: consideration given and chargeable interest held), or
(c)
paragraph 17 (transfer of partnership interest pursuant to earlier arrangements),
the acquisition of an interest in a partnership is not a chargeable transaction, notwithstanding that the partnership property includes land.
Annotations
Textual amendments
- F1
Sch. 15 Pt. 3 substituted (with effect in accordance with Sch. 41 para. 3 of the amending Act) by Finance Act 2004 (c. 12), Sch. 41 para. 1