- Latest available (Revised) - English
- Latest available (Revised) - Welsh
- Original (As enacted) - English
- Original (As enacted) - Welsh
There are currently no known outstanding effects for the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, PART 2 .
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
3E+WIn this Act, a “"partnership”” means—
(a)a partnership within the Partnership Act 1890 (c. 39);
(b)a limited partnership registered under the Limited Partnerships Act 1907 (c. 24);
(c)a limited liability partnership formed under the Limited Liability Partnerships Act 2000 (c. 12);
(d)a firm or entity of similar character to any of those mentioned above formed under the law of a country or territory outside the United Kingdom.
Commencement Information
I1Sch. 7 para. 3 in force at 1.4.2018 by S.I. 2018/34, art. 3
4(1)For the purposes of this Act—E+W
(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 despite a partnership being regarded as a legal person, or as a body corporate, under the law of the country or territory under which it is formed.
Commencement Information
I2Sch. 7 para. 4 in force at 1.4.2018 by S.I. 2018/34, art. 3
5E+WThe 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).
Commencement Information
I3Sch. 7 para. 5 in force at 1.4.2018 by S.I. 2018/34, art. 3
6E+WFor the purposes of this Act, a partnership is treated as the same partnership despite a change in membership if any person who was a member before the change remains a member after the change.
Commencement Information
I4Sch. 7 para. 6 in force at 1.4.2018 by S.I. 2018/34, art. 3
7E+WFor the purposes of this Act, a partnership is not to be regarded as a unit trust scheme or an open-ended investment company.
Commencement Information
I5Sch. 7 para. 7 in force at 1.4.2018 by S.I. 2018/34, art. 3
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area. The revised version is currently only available in English.
Original (As Enacted or Made) - English: The original English language version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Original (As Enacted or Made) - Welsh:The original Welsh language version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: