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Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 7 paragraph 14
The sum of the lower proportions in relation to a transaction to which paragraph 13 applies
Schedule 7, paragraph 14 sets out how to calculate the "sum of the lower proportions" when a chargeable interest is transferred into a partnership, which determines the extent to which the transaction may benefit from a reduced tax charge.
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