Paragraph 4 I1

The acquisition of an interest in a partnership is not a chargeable transaction, notwithstanding that the partnership property includes land, except as provided by—

(a)

Part 4 of this schedule (transfer of chargeable interest to a partnership),

(b)

paragraph 17 (transfer of partnership interest pursuant to earlier arrangements), or

(c)

paragraph 32 (transfer of interest in property-investment partnership).

Annotations

Commencement

I1: Sch. 17 para. 4 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2