SCHEDULES

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

Transfer of chargeable interest to a partnership U.K.

2 (1) In paragraph 10 (transfer of chargeable interest to a partnership: general), for sub-paragraphs (2) to (4) substitute— U.K.

“(2) The chargeable consideration for the transaction shall (subject to paragraph 13) be taken to be equal to—

where—

MV is the market value of the interest transferred, and

SLP is the sum of the lower proportions.”

(2) In sub-paragraph (6) of that paragraph, omit “(instead of sub-paragraphs (2) to (5))”.