SCHEDULE 7PARTNERSHIPS
PART 9APPLICATION OF EXEMPTIONS, RELIEFS, PROVISIONS OF TCMA AND NOTIFICATION PROVISIONS
Application of exemptions and reliefs
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1
Paragraph 1 of Schedule 3 (exemption of transactions for which there is no chargeable consideration) does not apply to transactions to which paragraph 13, 18, 21 or 34 applies.
2
But (subject to paragraphs 40 and 42) this Schedule has effect subject to any other provision affording exemption or relief from tax.