55Introduction to ChapterU.K.
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(1)This Chapter restricts the amount of relief that may be given for any loss made by a company in a trade carried on by the company—
(a)as a limited partner (see sections 56 to 58), or
(b)as a member of a limited liability partnership (an “LLP”) (see sections 59 to 61).
(2)In this Chapter persons carrying on a trade in partnership are referred to collectively as a “firm”.