[116A Excess loss allocation to partners who are individuals]
Income Tax Act 2007 (2007 c 3) | Legislation

[Partnerships with mixed membership etc]

[116A  Excess loss allocation to partners who are individuals]

[(1)     Subsection (2) applies if—

(a)     in a tax year, an individual (“A”) makes a loss in a trade as a partner in a firm, and

(b)     A's loss arises, wholly or partly—

(i)     directly or indirectly in consequence of, or

(ii)     otherwise

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