# Income Tax Act 2007, Section 1004: Meaning of “property investment LLP”


(1) In the Income Tax Acts “property investment LLP” means a limited liability partnership—
(a) whose business consists wholly or mainly in the making of investments in land, and
(b) the principal part of whose income is derived from investments in land.
(2) Whether a limited liability partnership is a property investment LLP is determined for each period of account of the partnership.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/1004 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-1004
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.