7.35 The transfer of UK real estate or UK shares into a JV could give rise to stamp duty land tax or stamp duty respectively. The transfer of shares or interests in the JV could also give rise to UK stamp taxes - it should be noted that treatment can be different depending on whether a corporate or LLP/LP vehicle is used and specialist advice should be taken where relevant. Statutory relief may minimise any potential liability and these should be carefully considered early in the process of determining the JV's structure and in drafting documentation.