H4. Disposal of partnership asset

- Treatment of LLP as transparent

General approach

- LLP treatment as transparent limited to the circumstances in which a general partnership would be regarded as in business for the purposes of Partnership Act 1890 (GCH, §129).

- See s.59A.

- Further notes at H1. Partnership income.

Legislation: TCGA s.59A;

Cases:

HMRC manuals:

Commentary: