Special partnership rules apply SDLT to the market value on transfers of land interests into or out of a partnership, to or from a partner or someone connected with them. The market value charge rule also applies to certain transfers of an interest in a partnership, where there is a change in the income profit sharing ratios between partners, for example on the retirement or introduction of a new partner. These rules are highly complex and contain several traps and areas of uncertainty.
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Special partnership rules apply SDLT to the market value on transfers of land interests into or out of a partnership, to or from a partner or someone connected with them. The market value charge rule also applies to certain transfers of an interest in a partnership, where there is a change in the income profit sharing ratios between partners, for example on the retirement or introduction of a new partner. These rules are highly complex and contain several traps and areas of uncertainty.
If you are not a subscriber, subscribe now to read this content.
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