SCHEDULES

SCHEDULE 24 U.K.Stamp duty land tax: amendments of Schedule 15 to FA 2003

Prevention of double charge where money etc withdrawn from partnership U.K.

10 U.K.In paragraph 17A (withdrawal of money etc from partnership after transfer of chargeable interest), after sub-paragraph (7) insert—

“(8) Where—

(a) a qualifying event gives rise to a charge under this paragraph, and

(b) the same event gives rise to a charge under paragraph 14 (transfer for consideration of interest in property-investment partnership),

the amount of the charge under this paragraph is reduced (but not below nil) by the amount of the charge under that paragraph.”