This section has no associated Explanatory Notes
15 (1)For the purposes of paragraph 14 (see Step 1), a person is a relevant owner if—S
(a)immediately before the land transfer, the person was entitled to a proportion of the chargeable interest, and
(b)immediately after the land transfer, the person is a partner or connected with a partner.
(2)For the purposes of this paragraph and paragraph 14, persons who are entitled to a chargeable interest as joint owners are to be taken to be entitled to the chargeable interest as common owners in equal shares.
Commencement Information
I1 Sch. 17 para. 15 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2