Paragraph 12 F1
If the company—
(a)
became a member of the partnership before the beginning of the first period of account of the partnership to which this Schedule would otherwise apply, or
(b)
made its first contribution of capital to the partnership before 17th April 2002,
it may elect that the provisions of this Schedule shall not apply to it in relation to that partnership.
Annotations
Textual amendments
- F1
Sch. 7AD inserted (24.7.2002) by Finance Act 2002 (c. 23), s. 85(2), Sch. 31