{
  "url": "https://openlegislation.uk/finance-act-2008/section-61",
  "json_url": "https://openlegislation.uk/finance-act-2008/section-61.json",
  "legislation": "ukpga/2008/9",
  "legislation_title": "Finance Act 2008",
  "legislation_url": "https://openlegislation.uk/finance-act-2008",
  "path": "section/61",
  "kind": "section",
  "number": "61",
  "heading": "Non-active partners",
  "text": "(1) In section 103B(2) of ITA 2007 (meaning of “non-active partner” for purposes of provisions restricting trade loss relief), for “carried on for the purposes of the trade” substitute\n“of the trade and those activities are carried on—\n(a) on a commercial basis, and\n(b) with a view to the realisation of profits as a result of the activities.”\n(2) The amendment made by subsection (1) has effect in relation to relevant periods ending on or after 12 March 2008.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2008/9/section/61",
    "retrieved_at": "2026-10-29T09:12:06.707101+00:00",
    "licence": "OGL-UK-3.0",
    "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."
  }
}