Part 8Intangible fixed assets
Chapter 12Related parties
Rights and powers to be taken into account
840Partnerships
(1)
The rights and powers of a person as a member of a firm are ignored unless the person has control of or a major interest in the firm.
(2)
Whether a person has control of or a major interest in a firm is determined in accordance with sections 836 to 839 as in relation to a company.
(3)
For the purposes of subsection (2), references in those sections to any other company must be read as including any other firm.