Notification of transfer of partnership interestE+W
44(1)A transaction which is a chargeable transaction by virtue of paragraph 18 or 34 (transfer of partnership interest) is a notifiable transaction only if the chargeable consideration for the transaction exceeds the zero rate threshold.E+W
(2)The chargeable consideration for a transaction exceeds the zero rate threshold if it includes—
(a)any amount in respect of which tax is chargeable at a rate of more than 0%, or
(b)any amount in respect of which tax would be so chargeable but for a relief.
Commencement Information
I1Sch. 7 para. 44 in force at 1.4.2018 by S.I. 2018/34, art. 3