Part 2 Ordinary Partnership Transactions
Finance Act 2003 (2003 c 14) | Legislation

Part 2 Ordinary Partnership Transactions

Introduction

5

(1)     This Part of this Schedule applies to transactions entered into as purchaser by or on behalf of the members of a partnership, other than transactions within Part 3 of this Schedule [(transactions to which special provisions apply)].

Responsibility of partners

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(1)     Anything required or authorised to be done under this Part of this Act by or in relation to the purchaser under the transaction is required or authorised to be done by or in relation to all the responsible partners.

(2)     The responsible partners in relation to a transaction are—

(a)     the persons who

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