European Economic Interest GroupingsU.K.
49(1)Section 510A is amended as follows.
(2)In paragraph (b) of subsection (3) (charging tax in respect of gains) for “gains” substitute “ chargeable gains ”.
(3)After that paragraph add
“;but paragraph (a) above is subject to subsection (6A) below.”.
(4)After subsection (6) (trade or profession carried on by grouping treated for tax on income and gains as carried on by a partnership) insert—
“(6A)Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) shall have effect in relation to a grouping as it has effect in relation to a partnership (see in particular section 87A of, and paragraphs 19 and 20 of Schedule 9 to, that Act).”.