Section 863A — Finance Act 2014: Limited liability partnerships: salaried members

Limited liability partnerships: salaried members 863A 1 Subsection (2) applies at any time when conditions A to C in sections 863B to 863D are met in the case of an individual (“M”) who is a member of a limited liability partnership in relation to which section 863(1) applies.

2 For the purposes of the Income Tax Acts—

a M is to be treated as being employed by the limited liability partnership under a contract of service instead of being a member of the partnership, and b accordingly, M's rights and duties as a member of the limited liability partnership are to be treated as rights and duties under that contract of service.

3 This section needs to be read with section 863G (anti-avoidance).