[863F M's contribution to the limited liability partnership: deemed contributions]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[863F  M's contribution to the limited liability partnership: deemed contributions]

[(1)     This section applies if—

(a)     by the time mentioned in section 863D(3)(a), M has given an undertaking (whether or not legally enforceable) to make a contribution to the capital of the limited liability partnership but has not made the contribution,

(b)     the undertaking requires M to make the contribution by the end of—

(i)     the period of 3 months ending with 5 July 2014, or

(ii)     if it ends after that date, the period of 2 months

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