# Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, Paragraph 3


Condition B is that at the relevant time the transferor—
(a) is a partner in a partnership comprised of all the persons who are, or are to be, members of the limited liability partnership (and no-one else), or
(b) holds the chargeable interest as nominee or bare trustee for one or more of the partners in such a partnership.

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Source: https://www.legislation.gov.uk/anaw/2017/1/schedule/12/paragraph/3 (the official version)
Page: https://openlegislation.uk/land-transaction-tax-and-anti-avoidance-of-devolved-taxes-wales-act-2017/schedule-12/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.