5(1)In paragraph 18 (transfer of chargeable interest from a partnership: general), for sub-paragraphs (2) to (4) substitute—U.K.
“(2)The chargeable consideration for the transaction shall (subject to paragraph 24) be taken to be equal to—
where—
MV is the market value of the interest transferred, and
SLP is the sum of the lower proportions.”
(2)In sub-paragraph (6) of that paragraph, omit “(instead of sub-paragraphs (2) to (5))”.