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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 March 2013 - onwards

42. Tax treatment of investment limited partnerships.

(1) The Principal Act is amended -

(a) in section 246(1), in the definition of "investment undertaking", by deleting "or" in paragraph (c), by substituting "(inserted by the Finance Act 2005), or" for "(inserted by the Finance Act 2005);" in paragraph (d) and by inserting the following after paragraph (d):

"(e) an investment limited partnership within the meaning of section 739J;",

(b) in section 734(1) (a), in the definition of "collective investment undertaking", by substituting "(iii) a limited partnership (other than an investment limited partnership within the meaning of the Investment Limited Partnerships Act 1994) which -" for "(iii) a limited partnership which -",

(c) in section 739B(1) in the definition of "investment undertaking" -

(i) in paragraph (b) by inserting "and" after "issued pursuant to the relevant Regulations,",

(ii) by deleting "and" before paragraph (d), and

(iii) by deleting paragraph (d),

(d) in section 739D(6), by inserting the following paragraph after paragraph (c):