Withdrawal of money etc. from partnership after transfer of a chargeable interest
8
1
This article applies where paragraph 17A(1) of Schedule 15 to the 2003 Act applies and—
a
the effective date of the land transfer referred to in paragraph 17A(1)(a) of that Schedule is prior to the commencement date; and
b
the qualifying event referred to in paragraph 17A(1)(c) of that Schedule occurs after the commencement date.
2
Where this article applies—
a
the land transfer referred to in paragraph (1) shall be treated for the purposes of paragraph 18 of schedule 17 to the Act as if it were a land transfer mentioned in paragraph 18(1) of that schedule; and
b
a qualifying event referred in paragraph 17A(2) of Schedule 15 to the 2003 Act shall be treated as if it were a qualifying event for the purposes of paragraph 18(2) of schedule 17 to the Act.
Art. 8 in force at 1.4.2015, see art. 1