Finance Act 2012

Joint ventures

This section has no associated Explanatory Notes

9In paragraph 44 (chargeable equity and liabilities of joint venture: prevention of double charge), in sub-paragraph (7)(b), for the words from “liabilities for” to “27(2)(a)” substitute “taken into account in calculating the chargeable equity and liabilities of V (or where sub-paragraph (6) applies, A)”.”