Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017

Acquisition of interest in partnership not chargeable except as specially provided

This adran has no associated Nodiadau Esboniadol

5The acquisition of an interest in a partnership is not a chargeable transaction despite the partnership property including land, except as provided by—

(a)paragraph 18 (transfer of interest pursuant to earlier arrangements);

(b)paragraph 34 (transfer of interest in property-investment partnership).