[103B Meaning of “non-active partner” etc]
Income Tax Act 2007 (2007 c 3) | Legislation

[103B  Meaning of “non-active partner” etc]

[(1)     For the purposes of this Chapter an individual carries on a trade as a non-active partner during a tax year if the individual—

(a)     carries on the trade as a partner in a firm at a time during the year,

(b)     does not carry on the trade as a limited partner at any time during the year, and

(c)     does not devote a significant amount of time to the

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