This section has no associated Explanatory Notes
45(1)Any reference in this Schedule to partnership property is to an interest or right held by or on behalf of a partnership, or the members of a partnership, for the purposes of the partnership business.E+W
(2)Any reference in this Schedule to a person's partnership share at any time is to the proportion in which the person is entitled at that time to share in the income profits of the partnership.
Commencement Information
I1Sch. 7 para. 45 in force at 1.4.2018 by S.I. 2018/34, art. 3