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305Liability of partners

In paragraph 7 of Schedule 15 to the Finance Act 2003 (c 14) (stamp duty land tax: joint and several liability of responsible partners) after sub-paragraph (1) insert—

“(1A)    No amount may be recovered by virtue of sub-paragraph (1)(a) or (b) from a person who did not become a responsible partner until after the effective date of the transaction in respect of which the tax is payable.”

NOTES
Initial Commencement
Royal Assent

This Act received Royal Assent on 22 July 2004: for provision as to the commencement of this section see s 319(2).
Partnership & Limited Partnership92 Company Law & Business Entities92

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