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Legislation
Corporation Tax Act 2009

Crossheading Rights and powers to be taken into account

  • Section 838 General rule
  • Section 839 Rights and powers held jointly
  • Section 840 Partnerships
  1. Rights and powers to be taken into account
  2. Partnerships

Section 840 | Partnerships

From legislation.gov.uk

(1)The rights and powers of a person as a member of a firm are ignored unless the person has control of or a major interest in the firm.

(2)Whether a person has control of or a major interest in a firm is determined in accordance with sections 836 to 839 as in relation to a company.

(3)For the purposes of subsection (2), references in those sections to any other company must be read as including any other firm.

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