SCHEDULES
SCHEDULE 15Stamp duty land tax: partnerships
Part 1General provisions
Legal personality of partnership disregarded
2
1
For the purposes of this Part of this Act—
a
a chargeable interest held by or on behalf of a partnership is treated as held by or on behalf of the partners, and
b
a land transaction entered into for the purposes of a partnership is treated as entered into by or on behalf of the partners,
and not by or on behalf of the partnership as such.
2
Sub-paragraph (1) applies notwithstanding that the partnership is regarded as a legal person, or as a body corporate, under the law of the country or territory under which it is formed.