# Finance Act 2003, Paragraph 6

Extent: E+W+S+N.I.

In the case of a land transaction giving effect to a partition or division of a chargeable interest to which persons are jointly entitled, the share of the interest held by the purchaser immediately before the partition or division does not count as chargeable consideration.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/6 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-4/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.