Part 2 Conduct Notices and Monitoring Notices
Finance Act 2014 (2014 c 26) | Legislation

Part 2 Conduct Notices and Monitoring Notices

[Defeat notices

4A

A defeat notice that is given to a partnership must state that it is a partnership defeat notice.]

Conduct notices

5

(1)     A conduct notice that is given to a partnership must state that it is a partnership conduct notice.

(2)     In accordance with paragraphs 1 and 2, where the person to whom a conduct notice is given is a partnership, section 238 authorises the imposition of conditions relating to—

(a)     the persons who are members of the partnership when the conduct notice is given, and

(b)     any person who becomes a member of the partnership after the conduct notice is given.

Monitoring notices

6

A monitoring notice that is given to a partnership must state that it is a partnership monitoring notice.

Person continuing to carry on partnership business as a sole trader

7

(1)     This paragraph applies where—

(a)     a person or persons have ceased to be members of a partnership,

(b)     immediately before the cessation, a [defeat notice,] conduct notice or monitoring notice had effect in relation to the partnership, and

(c)     immediately after the cessation,

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