SDLTM09360 - Partnerships – Special Provisions: Section 75C (8A)

(This page was introduced on 15 January 2020 and updated on 14 May 2021)

When considering the notional land transaction, none of the special provisions of Part 3 of Schedule 15 FA03 will apply as they are specifically excluded by Section 75C(8A).

These special provisions would usually apply to certain transactions which involve the transfer of:

• a chargeable interest to a partnership by a partner, or a person connected with them
• a chargeable interest from a partnership to a partner, or a person connected with them
• an interest in a property investment partnership

While Part 3 of Schedule 15 FA03 is disapplied when looking at the notional transaction, remember that an interest in a property investment partnership is a chargeable interest for the purposes of Section 75A (see SDLTM09350).

For further information on how the provisions would usually operate, see SDLTM33300 onwards.