SCHEDULES

SCHEDULE 36Promoters of tax avoidance schemes: partnerships

PART 1Partnerships as persons

“Person” includes a partnership

1

1

Persons carrying on a business in partnership—

a

are regarded as a person for the purposes of this Part of this Act;

b

are referred to in this Part as a “partnership”.

2

But in this Part of this Act “partnership” does not include a body of persons forming a legal person that is distinct from themselves (and paragraphs 2 to 21 may accordingly be disregarded in applying this Part of this Act to such a body of persons).

3

In the references in this Part to carrying on a business in partnership, “partnership” has the same meaning as in the Partnership Act 1890.