Section 12ABZAA Returns relating to LLP not carrying on business etc with view to profitF1

This section applies where—

For the purposes of the relevant enactments, treat the relevant return as a partnership return (and, accordingly, anything done under a relevant enactment in connection with the relevant return has the same effect as it would have if done in connection with a partnership return in a corresponding partnership case).

“Relevant enactment” means—

In relation to the relevant return, the relevant enactments apply with the necessary modifications, including in particular the following—

In this section—

• “business” includes trade or profession;

• “corresponding partnership case” means a corresponding case in which the limited liability partnership in question carries on a business with a view to profit in the relevant period;

• “purported partner” means any person who was a member of the LLP in the relevant period;

• “purported partnership return” means anything that—

  1. (a)

     purports to be a partnership return, and

  2. (b)

     is in a form, and is delivered in a way, that a partnership return could have been made and delivered in a corresponding partnership case.