# Finance Act 2003, Paragraph 37: Interpretation: transfer of chargeable interest from a partnership


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.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/15/paragraph/37 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-15/paragraph-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.