# Finance Act 2006, Paragraph 5


(1) In paragraph 18 (transfer of chargeable interest from a partnership: general), for sub-paragraphs (2) to (4) substitute—
“(2) The chargeable consideration for the transaction shall (subject to paragraph 24) be taken to be equal to—
MV×(100-SLP)%where—
MV is the market value of the interest transferred, and
SLP is the sum of the lower proportions.”
(2) In sub-paragraph (6) of that paragraph, omit “(instead of sub-paragraphs (2) to (5))”.

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Source: https://www.legislation.gov.uk/ukpga/2006/25/schedule/24/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-2006/schedule-24/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.