SDLT and partnerships
The Finance Act 2003 takes the transfer of land between partners and partnerships, as well as the transfer of interests in partnerships owning land, out of the stamp duty regime and into the stamp duty land tax regime. This note focuses on:
- The transfer of land by a partner into a partnership.
- The acquisition of an interest in a partnership or a change in partnership shares.
- The transfer of land out of a partnership to a partner.
NOTE: This resource is being reviewed in light of the 2016 Budget. For more information, see Legal update, 2016 Budget: key business tax announcements.