# Finance Act 2003, Paragraph 34: Interpretation: partnership property and partnership share


(1) Any reference in this Part of this Schedule to partnership property is to an interest or right held by or on behalf of a partnership, or the members of a partnership, for the purposes of the partnership business.
(2) Any reference in this Part of this Schedule to a person’s partnership share at any time is to the proportion in which he is entitled at that time to share in the income profits of the partnership.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/15/paragraph/34 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-15/paragraph-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.