{
  "url": "https://openlegislation.uk/draft-partnerships-restrictions-on-contributions-to-a-trade-regulations-2006/regulation-3",
  "json_url": "https://openlegislation.uk/draft-partnerships-restrictions-on-contributions-to-a-trade-regulations-2006/regulation-3.json",
  "legislation": "ukdsi/2006/0110745329",
  "legislation_title": "The Partnerships (Restrictions on Contributions to a Trade) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/draft-partnerships-restrictions-on-contributions-to-a-trade-regulations-2006",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Scope of these Regulations",
  "text": "These Regulations apply where (and if there are successive events, in each case where)—\n(a) a relevant individual disposes of his right to profits arising from a firm’s trade (within the meaning in section 120 of the Finance Act 2004),\n(b) the result of the disposal is that his share of the profits (or any part of the profits) arising from the trade is reduced or extinguished, or his share of the losses (or any part of the losses) arising from the trade is increased,\n(c) another person (“the new partner”) becomes a partner in the firm, and\n(d) the new partner contributes or agrees to contribute an amount as capital to the partnership.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2006/0110745329/regulation/3",
    "retrieved_at": "2026-10-30T15:21:10.718367+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}