# Corporation Tax Act 2010, Section 1135: “Property investment LLP”


(1) In the Corporation Tax Acts “property investment LLP” means a limited liability partnership—
(a) whose business consists wholly or mainly in the making of investments in land, and
(b) the principal part of whose income is derived from investments in land.
(2) Whether a limited liability partnership is a property investment LLP is determined for each period of account of the partnership.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/1135 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-1135
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.