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Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 12 paragraph 4
Condition C: proportions of interest must remain the same or not change for tax avoidance purposes
Schedule 12, paragraph 4 sets out Condition C, which requires that when a chargeable interest is transferred to a limited liability partnership, the partners' proportions of that interest must either remain unchanged or any changes must not be motivated by tax avoidance.
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