(1) In this section -
"active partner", in relation to a partnership trade, means a partner who works for the greater part of his or her time on the day-to-day management or conduct of the partnership trade;
"the aggregate amount", in relation to a trade, means -
(a) in the case of an individual, the aggregate of amounts given or allowed to the individual at any time under any of the specified provisions -
(i) in respect of a loss sustained by him or her in the trade, or of interest paid by him or her by reason of his or her participation in the trade, in any relevant year of assessment, or
(ii) as an allowance to be made to him or her for any relevant year of assessment either in taxing the trade or by means of discharge or repayment of tax to which he or she is entitled by reason of his or her participation in the trade,
and
(b) in the case of a company, the aggregate of amounts given or allowed to the company (in this section referred to as "the partner company") or to another compa
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