Inheritance Tax Act 1984 Schedule A1 paragraph 10

Partnerships

Paragraph 10 defines what counts as a "partnership" for the purposes of the settled property rules in Schedule A1.

  • General partnerships governed by the Partnership Act 1890 are included.
  • Limited partnerships registered under the Limited Partnerships Act 1907 are included.
  • Limited liability partnerships formed under the Limited Liability Partnerships Act 2000 (or its Northern Ireland equivalent) are included.
  • Foreign firms or entities with similar characteristics to a general or limited partnership also fall within the definition.

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