105 Meaning of “contribution to the firm”
Income Tax Act 2007 (2007 c 3) | Legislation

105  Meaning of “contribution to the firm”

(1)     For the purposes of section 104 the individual's contribution to the firm is the sum of amounts A and B.

(2)     Amount A is the amount which the individual has contributed to the firm as capital less so much of that amount (if any) as is within subsection (4).

(3)     In particular, the individual's share of any profits of the firm is to be included in the amount which the individual has contributed to the firm as capital so far as that share has been added to the firm's capital.

(4)     An amount of

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