Regulation 3 Qualifying partnerships
(1) A "qualifying partnership" is a partnership formed under the law of any part of the United Kingdom each of whose members or, in the case of a limited partnership, each of whose general partners is -
(b) an unlimited company each of whose members is a limited company;
(c) a Scottish partnership which is not a limited partnership, each of whose members is a limited company; or
(d) a Scottish partnership which is a limited partnership, each of whose general partners is a limited company.
(2) Each reference in paragraph (1) to a limited company includes a reference to any comparable undertaking incorporated in a country or territory outside the United Kingdom.
(3) The reference in paragraph (1)(b) to an unlimited company includes a reference to any comparable undertaking incorporated in a country or territory outside the United Kingdom.
(4) The reference in paragraph (1)(c) to a Scottish partnership which is not a limited partnership includes a reference to any undertaking comparable to such a Scottish partnership incorporated in or formed under the law of a country or territory outside the United Kingdom.