SCHEDULE 17Partnerships
PART 8Application of provisions on exemptions, reliefs and notification
Application of exemptions and reliefs: general
I1 37
1
Paragraph 1 of schedule 1 (exemption of transactions for which there is no chargeable consideration) does not apply to—
a
a transaction to which Part 4 applies,
b
a transaction to which Part 5 applies, or
c
a transfer of interest in a partnership which is treated as a land transaction by virtue of paragraph 17 or 32.
2
But subject to paragraphs 38 and 40 this schedule has effect subject to any other provision affording exemption or relief from the tax.