Restrictions for individual and company partners

The restrictions are now contained in ITA 2007, Pt. 4, Ch. 3 (starting at s. 102) and CTA 2010, Pt. 4, Ch. 3 (starting at s. 55). The legislation identifies two types of partner that are potentially affected by the rules:

limited partners (see ¶291-025 and ¶291-145);

members of limited liability partnerships (see ¶291-040 and ¶291-160);

Further income tax provisions

Additionally, for income tax purposes, the rules extend to:

non-active partners (see ¶291-040).

ITA 2007, Pt. 4, Ch. 3 also:

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