Corporation Tax Act 2010, Section 55 is up to date with all changes known to be in force on or before 13 May 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)This Chapter restricts the amount of relief that may be given for any loss made by a company in a trade carried on by the company—
(a)as a limited partner (see sections 56 to 58), or
(b)as a member of a limited liability partnership (an “LLP”) (see sections 59 to 61).
(2)In this Chapter persons carrying on a trade in partnership are referred to collectively as a “firm”.
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