Part 2Income tax, corporation tax and capital gains tax_general
Other anti-avoidance provisions
61Non-active partners
1
In section 103B(2) of ITA 2007 (meaning of “non-active partner” for purposes of provisions restricting trade loss relief), for “carried on for the purposes of the trade” substitute
of the trade and those activities are carried on—
a
on a commercial basis, and
b
with a view to the realisation of profits as a result of the activities.
2
The amendment made by subsection (1) has effect in relation to relevant periods ending on or after 12 March 2008.