# Taxation of Chargeable Gains Act 1992, Paragraph 13


(1) In relation to a disposal of assets consisting of (or of interests in) shares in or securities of a company (“company A”), activities carried on by a company as a member of a partnership are to be treated as not being trading activities of the company (see section 165A(4) and (9)) if P fails either or both of the following—
(a) the profits and assets test in relation to the partnership (see paragraphs 15 to 20);
(b) the voting rights test in relation to the partnership (see paragraphs 21 to 23).
(2) In relation to such a disposal, activities carried on by a company as a member of a partnership are also to be treated as not being trading activities of the company if the company is not a member of the partnership throughout the relevant period.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/7ZA/paragraph/13 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7ZA/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.