Paragraph 44 I1

(1)

A transaction which is a chargeable transaction by virtue of paragraph 18 or 34 (transfer of partnership interest) is a notifiable transaction only if the chargeable consideration for the transaction exceeds the zero rate threshold.

(2)

The chargeable consideration for a transaction exceeds the zero rate threshold if it includes—

(a)

any amount in respect of which tax is chargeable at a rate of more than 0%, or

(b)

any amount in respect of which tax would be so chargeable but for a relief.

Annotations

Commencement

I1: Sch. 7 para. 44 in force at 1.4.2018 by S.I. 2018/34, art. 3