# Finance Act 2006, Paragraph 9


(1) In paragraph 14 (transfer of partnership interest: consideration given and chargeable interest held), for the heading substitute—
“Transfer for consideration of interest in property-investment partnership”.
(2) In sub-paragraph (1)(a) of that paragraph, before “partnership” insert “ property-investment ”.
(3) After sub-paragraph (7) of that paragraph insert—
“(8) In this paragraph—
“property-investment partnership” means a partnership whose sole or main activity is investing or dealing in chargeable interests (whether or not that activity involves the carrying out of construction operations on the land in question);
“construction operations” has the same meaning as in Chapter 3 of Part 3 of the Finance Act 2004 (see section 74 of that Act).”

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Source: https://www.legislation.gov.uk/ukpga/2006/25/schedule/24/paragraph/9 (the official version)
Page: https://openlegislation.uk/finance-act-2006/schedule-24/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.