# Finance Act 2006, Paragraph 10


In paragraph 17A (withdrawal of money etc from partnership after transfer of chargeable interest), after sub-paragraph (7) insert—
“(8) Where—
(a) a qualifying event gives rise to a charge under this paragraph, and
(b) the same event gives rise to a charge under paragraph 14 (transfer for consideration of interest in property-investment partnership),
the amount of the charge under this paragraph is reduced (but not below nil) by the amount of the charge under that paragraph.”

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Source: https://www.legislation.gov.uk/ukpga/2006/25/schedule/24/paragraph/10 (the official version)
Page: https://openlegislation.uk/finance-act-2006/schedule-24/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.