Paragraph 1
(1)
Persons carrying on a business in partnership—
(a)
are regarded as a person for the purposes of this Part of this Act;
(b)
are referred to in this Part as a “partnership”.
(2)
But in this Part of this Act “partnership” does not include a body of persons forming a legal person that is distinct from themselves (and paragraphs 2 to 21 may accordingly be disregarded in applying this Part of this Act to such a body of persons).
(3)
In the references in this Part to carrying on a business in partnership, “partnership” has the same meaning as in the Partnership Act 1890.