Land and Buildings Transaction Tax (Scotland) Act 2013 (asp 11)

SCHEDULE 17 S Partnerships

PART 2 S General provisions

Acquisition of interest in partnership not chargeable except as specially provided S

4 S 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).

Commencement Information

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