Paragraph 77 Application of this Part of this Schedule

United Kingdom

This Part of this Schedule applies in relation to a partner in a firm who—

(a)

is treated, in accordance with sections 854 to 855A of ITTOIA 2005, as carrying on a notional business in the tax year 2023-24, and

(b)

is not treated as having started or permanently ceased to carry on the notional business in that tax year.