Paragraph 37 Interpretation: transfer of chargeable interest from a partnershipF1
For the purposes of this Part of this Schedule, there is a transfer of a chargeable interest from a partnership in any case where—
(a)
a chargeable interest that was partnership property ceases to be partnership property, or
(b)
a chargeable interest is granted or created out of partnership property and the interest is not partnership property.
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