Section 257MI The no partnership requirementF1
(1)
The requirements in this section apply during the shorter applicable period.
(2)
The social enterprise must not be a member of any partnership.
(3)
Each 90% social subsidiary of the social enterprise must not be a member of a partnership.
Annotations
Textual amendments
- F1
Pt. 5B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 11 para. 1
Notes on Conditions relating to the social enterprise: general
Textual amendments
- F2
Word in s. 257M cross-heading inserted (with effect in accordance with Sch. 1 para. 14(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 1 para. 6(1)