TTM17736 - Schedule 22 Finance Act 2000: Part XIII partnerships - Para 132 qualifying partnerships

FA00/SCH22/PARA132

(1) The regulations may provide that activities carried on by a company in partnership are not to be regarded as qualifying activities of that company unless the partnership is a qualifying partnership.

“Qualifying activities” here means core qualifying activities, qualifying secondary activities or qualifying incidental activities.

(2) Subject to any provision made by the regulations, a “qualifying partnership” means a partnership that if it were a company would meet the requirements in paragraph 16(1) (qualifying companies).

References

SI00/2303/REG9 modifications to partner being qualifying company	TTM18009
Operation of ships	TTM13100