SCHEDULE 7PARTNERSHIPS
PART 10INTERPRETATION
Partnership property and partnership share
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(1)
Any reference in this Schedule to partnership property is to an interest or right held by or on behalf of a partnership, or the members of a partnership, for the purposes of the partnership business.
(2)
Any reference in this Schedule to a person's partnership share at any time is to the proportion in which the person is entitled at that time to share in the income profits of the partnership.