Statute
Section 1258A — Corporation Tax Act 2009: Bare trusts
Text of the provision Official document
Bare trusts 1258A 1 This section applies if—
a a partner in a firm is partner as trustee for a beneficiary who is absolutely entitled to the partner's share of the profits of the firm, and b the beneficiary is chargeable to tax on those profits.
2 References in this Part to a partner or member of the firm include references to the beneficiary.
Official source: legislation.gov.uk
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