An ‘ordinary partnership transaction’ is defined as a land transaction:

entered into as buyer by, or on behalf of, the members of a partnership; and

is not a transaction within the special rules of Sch. 7, Pt. 4–8 (Sch. 7, para. 8).

Schedule 7, Pt. 4 concerns transactions involving transfer to a partnership

Schedule 7, Pt. 5 concerns transactions involving transfers from a partnership

Schedule 7, Pt. 6 concerns transfers of chargeable interests between partnerships and from partnerships consisting wholly of bodies corporate

Schedule 7, Pt. 7 concerns the treatment of leases and

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