Related Commentary  Related CasesRelated HMRC Manuals

863(1)  For income tax purposes, if a limited liability partnership carries on a trade, profession or business with a view to profit–

(a)all the activities of the limited liability partnership are treated as carried on in partnership by its members (and not by the limited liability partnership as such),

(b)anything done by, to or in relation to the limited liability partnership for the purposes of, or in connection with, any of its activities is treated as done by, to or in relation to the members as partners, and

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