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Paragraph 45 I1

(1)

Any reference in this Schedule to partnership property is to an interest or right held by or on behalf of a partnership, or the members of a partnership, for the purposes of the partnership business.

(2)

Any reference in this Schedule to a person's partnership share at any time is to the proportion in which the person is entitled at that time to share in the income profits of the partnership.

Annotations

Commencement

I1

Sch. 7 para. 45 in force at 1.4.2018 by S.I. 2018/34, art. 3