F1PART 6AHybrid and other mismatches
Annotations:
Amendments (Textual)
CHAPTER 14Interpretation
Partnerships
259NETreatment of a person who is a member of a partnership
1
This section applies where a person is a member of a partnership.
2
Any reference in this Part to income, profits or an amount of the person includes a reference to the person's share of (as the case may be) income, profits or an amount of the partnership.
3
For this purpose “the person's share” of income, profits or an amount is determined by apportioning the income, profits or amount between the partners on a just and reasonable basis.
4
In this section—
a
“partnership” includes an entity established under the law of a territory outside the United Kingdom of a similar character to a partnership, and
b
“member” of a partnership is to be read accordingly.
Pt. 6A inserted (with effect in accordance with Sch. 10 paras. 18-21 of the amending Act) by Finance Act 2016 (c. 24), Sch. 10 para. 1