Salaried Member: Condition C: contribution to the LLP
ITTOIA/S863D(1) and (2)
Condition C looks at the level of investment made by an individual member in the LLP.
Condition C is not satisfied if the individual member has made a significant investment in the business so they have a real risk resting on the success or failure of the business.
An overview of the legislation, with links to the more detailed guidance can be found at ESM63005.
For those that prefer the guidance in this section is:
|ESM63005||Condition C - Overview|
|ESM63010||Condition C – What is the contribution?|
|ESM63020||Condition C – When to apply the test|
|ESM63025||Condition C – becoming a member or ceasing to be a member during a year|
|ESM63030||Condition C – A change in the contribution part way through the year|
|ESM63045||Condition C – Deemed contributions|
|ESM63050||Condition C – Deemed contributions – failure to make a payment|