Scope: when is Stamp Duty Land Tax (SDLT) chargeable: higher rate charge for acquisitions of residential property by certain non-natural persons FA03/S55/SCH4A: qualifying partner
Where a person is entitled to the single dwelling interest as a member of a partnership, any individual who is a member of a partnership will be a ‘qualifying partner’ unless their interest crosses a certain threshold which means they are entitled to a 10 per cent or greater share
- in the income profits of the partnership,
- in any company that is entitled to the single-dwelling interest in question, or
- in the partnership assets.