This section has no associated Explanatory Notes
41 (1)A transaction which is a chargeable transaction by virtue of paragraph 17 or 32 (transfer of partnership interest) is a notifiable transaction if (but only if) the consideration for the transaction exceeds the nil rate tax band.S
(2)The consideration for a transaction exceeds the nil rate tax band if—
(a)the chargeable consideration, or
(b)where the transaction is one of a number of linked transactions, the total of the chargeable consideration for all the linked transactions,
exceeds the nil rate tax band applicable to the transaction.
Commencement Information
I1 Sch. 17 para. 41 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2