1135“Property investment LLP”U.K.
This
adran has no associated
Nodiadau Esboniadol
(1)In the Corporation Tax Acts “property investment LLP” means a limited liability partnership—
(a)whose business consists wholly or mainly in the making of investments in land, and
(b)the principal part of whose income is derived from investments in land.
(2)Whether a limited liability partnership is a property investment LLP is determined for each period of account of the partnership.