Oct

Interaction between Ramsay, Partnership Act 1890, schedule 15 FA2003 and landlord incorporation

admin

Schedule 15 of the Finance Act 2003 is the piece of legislation which enables a partnership to transfer its properties to a company at the point of incorporation without paying SDLT. Link to HMRC guidance.

A Partnership is defined by the Partnership Act 1890 as “the relation which subsists between persons carrying on a business in common with a view of profit.”

The post Interaction between Ramsay, Partnership Act 1890, schedule 15 FA2003 and landlord incorporation appeared first on Property118.

View Full Article: Interaction between Ramsay, Partnership Act 1890, schedule 15 FA2003 and landlord incorporation