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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Miscellaneous

  • Section 859 Special provisions about farming and property income
  • Section 860 Adjustment income
  • Section 861 Sale of patent rights: effect of partnership changes
  • Section 862 Sale of patent rights: effect of later cessation of trade
  • Section 863 Limited liability partnerships
  • Section 863A Limited liability partnerships: salaried members
  • Section 863B Condition A
  • Section 863C Condition B
  • Section 863D Condition C
  • Section 863E M's contribution to the limited liability partnership: the basic calculation
  • Section 863F M's contribution to the limited liability partnership: deemed contributions
  • Section 863G Anti-avoidance
  1. Income Tax (Trading and Other Income) Act 2005
  2. /
  3. /Miscellaneous

Section 863C | Condition B

From legislation.gov.uk

15 July 2026

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Condition B is that the mutual rights and duties of the members of the limited liability partnership, and of the partnership and its members, do not give M significant influence over the affairs of the partnership.F1

Notes

  1. F1

    Ss. 863A-863G inserted (6.4.2014 for specified purposes, 18.7.2014 in so far as not already in force) by Finance Act 2014 (c. 26), Sch. 17 paras. 1, 6

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