Acquisition of interest in partnership not chargeable except as specially provided
This section has no associated Explanatory Notes
4The acquisition of an interest in a partnership is not a chargeable transaction, notwithstanding that the partnership property includes land, except as provided by—
(a)Part 4 of this schedule (transfer of chargeable interest to a partnership),
(b)paragraph 17 (transfer of partnership interest pursuant to earlier arrangements), or
(c)paragraph 32 (transfer of interest in property-investment partnership).