LBTT7004 Transfer between partnerships

Where there is a transfer of a chargeable interest from a partnership to a partnership and both Parts 4 & 5 apply, the modified calculation of chargeable consideration is not carried out. Instead, the chargeable consideration in such cases is the larger of the calculated amount using the relevant SLP for:

1. a transfer into a partnership (Part 4)
2. a transfer from a partnership (Part 5)