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SCHEDULE 7E+WPARTNERSHIPS

PART 10 E+WINTERPRETATION

Partnership property and partnership shareE+W

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