Section 12ABZAA: Returns relating to LLP not carrying on business etc with view to profit

This section applies where—

For the purposes of the relevant enactments, treat the relevant return as a partnership return (and, accordingly, anything done under a relevant enactment in connection with the relevant return has the same effect as it would have if done in connection with a partnership return in a corresponding partnership case).

"Relevant enactment" means—

In relation to the relevant return, the relevant enactments apply with the necessary modifications, including in particular the following—

In this section—

• "business" includes trade or profession;

• "corresponding partnership case" means a corresponding case in which the limited liability partnership in question carries on a business with a view to profit in the relevant period;

• "purported partner" means any person who was a member of the LLP in the relevant period;

• "purported partnership return" means anything that—

  (a)purports to be a partnership return, and

  (b)is in a form, and is delivered in a way, that a partnership return could have been made and delivered in a corresponding partnership case.