Paragraph 15 I1

(1)

For the purposes of paragraph 14 (see Step 1), a person is a relevant owner if—

(a)

immediately before the land transfer, the person was entitled to a proportion of the chargeable interest, and

(b)

immediately after the land transfer, the person is a partner or connected with a partner.

(2)

For the purposes of this paragraph and paragraph 14, persons who are entitled to a chargeable interest as joint owners are to be taken to be entitled to the chargeable interest as common owners in equal shares.

Annotations

Commencement

I1: Sch. 17 para. 15 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2