Application of exemptions and reliefs: general
This section has no associated Explanatory Notes
37(1)Paragraph 1 of schedule 1 (exemption of transactions for which there is no chargeable consideration) does not apply to—
(a)a transaction to which Part 4 applies,
(b)a transaction to which Part 5 applies, or
(c)a transfer of interest in a partnership which is treated as a land transaction by virtue of paragraph 17 or 32.
(2)But subject to paragraphs 38 and 40 this schedule has effect subject to any other provision affording exemption or relief from the tax.