Finance Act 2003 (c. 14)

SCHEDULES

SCHEDULE 4 U.K. Stamp duty land tax: chargeable consideration

Partition etc: disregard of existing interest U.K.

6 U.K. In the case of a land transaction giving effect to a partition or division of a chargeable interest to which persons are jointly entitled, the share of the interest held by the purchaser immediately before the partition or division does not count as chargeable consideration.