12 Stamp duty
Limited Liability Partnerships Act 2000 (2000 c 12) | Legislation

12  Stamp duty

(1)     Stamp duty shall not be chargeable on an instrument by which property is conveyed or transferred by a person to a limited liability partnership in connection with its incorporation within the period of one year beginning with the date of incorporation if the following two conditions are satisfied.

(2)     The first condition is that at the relevant time the person—

(a)     is a partner in a partnership comprised of all the persons who are or are to be members of the limited liability partnership (and no-one else),

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