SCHEDULE 17Partnerships

PART 3Ordinary partnership transactions

Joint and several liability of responsible partners

10

(1)

Where the responsible partners are liable to make a payment of tax, the liability is a joint and several liability of those partners.

(2)

No amount may be recovered by virtue of sub-paragraph (1) from a person who did not become a responsible partner until after the effective date of the transaction in respect of which the tax is payable.