Budget 2004: Stamp Duty Land Tax - Partnership Transactions

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• OUT-LAW.COM

Stamp Duty Land Tax will now be charged on the following transactions:

where an interest in land is transferred into a partnership, either by an existing partner or by a person in exchange for an interest in that partnership;

where partnership property includes an interest in land and arrangements are in place so that either:
an existing partner transfers all or part of their partnership interest, to a person who is or becomes a partner, for money or money's worth; or
a person becomes a par... (55 more words)

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