http://www.legislation.gov.uk/id/anaw/2017/1/schedule/7/part/5

SCHEDULE 7PARTNERSHIPS

PART 5TRANSACTIONS INVOLVING TRANSFERS FROM A PARTNERSHIP

Proportion of chargeable interest attributable to corresponding partner

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For the purposes of paragraph 22 (see Step 4), the proportion of the chargeable interest attributable to a corresponding partner is—

a

if the partner is a corresponding partner in relation to only one relevant owner, the proportion (if any) of the chargeable interest apportioned to that partner (at Step 3) in respect of that owner;

b

if the partner is a corresponding partner in relation to more than one relevant owner, the sum of the proportions (if any) of the chargeable interest apportioned to that partner (at Step 3) in respect of each of those owners.