# Finance Act 2000, Paragraph 134


The regulations may provide that for the purposes of paragraphs 58 and 59 (transactions not at arm’s length) the partnership shall be treated—
(a) as an entity separate and distinct from the persons that are its members, and
(b) as if it were a tonnage tax company.

---
Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/134 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-22/paragraph-134
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.