Home › Forums › Patrick Cannon › How does SDLT apply in relation to para 12 and para 24 of Schedule 15? › Reply To: How does SDLT apply in relation to para 12 and para 24 of Schedule 15?
Mitch,
I do not actually think there is a problem here ? if one looks through the partnership to the individual “partner” then that partner is the Trustees as a single continuing body. Accordingly the Trustees as a whole are a one partner for the purposes of Schedule 15. It follows therefore that you do not need to consider the relevant interests of each individual Trustee but merely the interests of the Trust. The reason for this is that para 4, Schedule 16, etc. deals with their treatment as a single and continuing body and thereby allocates the responsibilities to each other.