Paragraph 9 IntroductionF1

(1)

This Part of this Schedule applies to certain transactions involving—

(a)

the transfer of a chargeable interest to a partnership (paragraph 10),

(b)

the transfer of an interest in a partnership (paragraphs 14, 17, 31 and 32), or

(c)

the transfer of a chargeable interest from a partnership (paragraph 18).

(2)

References in this Part of this Schedule to the transfer of a chargeable interest include—

(a)

the grant or creation of a chargeable interest,

(b)

the variation of a chargeable interest, and

(c)

the surrender, release or renunciation of a chargeable interest.

Annotations

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