{
  "url": "https://openlegislation.uk/land-transaction-tax-and-anti-avoidance-of-devolved-taxes-wales-act-2017/schedule-7/paragraph-13",
  "json_url": "https://openlegislation.uk/land-transaction-tax-and-anti-avoidance-of-devolved-taxes-wales-act-2017/schedule-7/paragraph-13.json",
  "legislation": "anaw/2017/1",
  "legislation_title": "Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017",
  "legislation_url": "https://openlegislation.uk/land-transaction-tax-and-anti-avoidance-of-devolved-taxes-wales-act-2017",
  "path": "schedule/7/paragraph/13",
  "kind": "paragraph",
  "number": "13",
  "heading": null,
  "text": "(1) This paragraph applies where—\n(a) a partner transfers a chargeable interest to the partnership,\n(b) a person transfers a chargeable interest to a partnership in return for an interest in the partnership, or\n(c) a person connected with—\n(i) a partner, or\n(ii) a person who becomes a partner as a result of or in connection with the transfer,\ntransfers a chargeable interest to the partnership.\n(2) This paragraph applies whether the transfer is in connection with the formation of the partnership or is a transfer to an existing partnership.\n(3) The chargeable consideration for the transaction is taken to be equal to—\nMV × ( 100 - SLP ) %Figure 9 where—\nMV is the market value of the chargeable interest transferred, and\nSLP is the sum of the lower proportions.\n(4) Paragraph 14 provides for determining the sum of the lower proportions.\n(5) Part 7 applies if the whole or part of the chargeable consideration for the transaction is rent.\n(6) Paragraphs 9 to 11 (responsibility of partners) have effect in relation to a transaction to which this paragraph applies, but the responsible partners are—\n(a) those who were partners immediately before the transfer and who remain partners after the transfer, and\n(b) any person becoming a partner as a result of, or in connection with, the transfer.\n(7) This paragraph has effect subject to any election under paragraph 36.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 7 para. 13 in force at 1.4.2018 by S.I. 2018/34, art. 3"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/anaw/2017/1/schedule/7/paragraph/13",
    "retrieved_at": "2026-10-29T20:18:12.749395+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}