CSE3260 | How the conditions are to be interpreted: Some particular forms of Cost Sharing Groups: What about Limited Partnerships?

Limited partnerships are constituted under The Limited Partnership Act 1907 and consist of general partners and limited partners. Limited partners are only liable to the extent of the amount they invest in the partnership. Limited partners may not take part in the running of the partnership business which is carried out by general partners.

For a limited partnership to be eligible to be a CSG all of the partners, both limited and general, would have to meet the qualifying test (see CSE3620).

The normal procedure in the VAT Registration Units is to register limited partnerships in the names of the general partner only. Limited partnerships must register with the Registrar of Companies.