{
  "url": "https://openlegislation.uk/finance-act-2014/schedule-17/paragraph-2",
  "json_url": "https://openlegislation.uk/finance-act-2014/schedule-17/paragraph-2.json",
  "legislation": "ukpga/2014/26",
  "legislation_title": "Finance Act 2014",
  "legislation_url": "https://openlegislation.uk/finance-act-2014",
  "path": "schedule/17/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "In Part 17 of CTA 2009 (partnerships) after section 1273 (limited liability partnerships) insert—\n“Limited liability partnerships: salaried members\n1273A (1) Subsection (2) applies at any time when section 863A(2) of ITTOIA 2005 (limited liability partnerships: salaried members) applies in the case of an individual (“M”) who is a member of a limited liability partnership in relation to which section 1273(1) applies.\n(2) In relation to the charge to corporation tax on income, for the purposes of the Corporation Tax Acts—\n(a) M is to be treated as being employed by the limited liability partnership under a contract of service instead of being a member of the partnership, and\n(b) accordingly, M's rights and duties as a member of the limited liability partnership are to be treated as rights and duties under that contract of service.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2014/26/schedule/17/paragraph/2",
    "retrieved_at": "2026-10-29T09:07:29.129035+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."
}