Withdrawal of money etc. from partnership after transfer of a chargeable interest
8.—(1) This article applies where paragraph 17A(1) of Schedule 15 to the 2003 Act applies and—
(a)the effective date of the land transfer referred to in paragraph 17A(1)(a) of that Schedule is prior to the commencement date; and
(b)the qualifying event referred to in paragraph 17A(1)(c) of that Schedule occurs after the commencement date.
(2) Where this article applies—
(a)the land transfer referred to in paragraph (1) shall be treated for the purposes of paragraph 18 of schedule 17 to the Act as if it were a land transfer mentioned in paragraph 18(1) of that schedule; and
(b)a qualifying event referred in paragraph 17A(2) of Schedule 15 to the 2003 Act shall be treated as if it were a qualifying event for the purposes of paragraph 18(2) of schedule 17 to the Act.