This section has no associated Explanatory Notes
47(1)The plan may provide that the amount to be deducted under a partnership share agreement [F1on any occasion] must not be less than a minimum amount specified in the plan.U.K.
(2)The specified minimum amount must not be greater than £10.
F2(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Words in Sch. 2 para. 47 substituted (10.7.2003) by Finance Act 2003 (c. 14), Sch. 21 para. 8(a)
F2Sch. 2 para. 47(3) repealed (10.7.2003) by Finance Act 2003 (c. 14), Sch. 21 para. 8(b), Sch. 43 Pt. 3(3)