Remedy
Start free

Section 267A: Limited liability partnerships.

Inheritance Tax Act 1984 · 1984 c. 51View on legislation.gov.uk

Part IX: MISCELLANEOUS AND SUPPLEMENTARY

For the purposes of this Act and any other enactments relating to inheritance tax—

property to which a limited liability partnership is entitled, or which it occupies or uses, shall be treated as property to which its members are entitled, or which they occupy or use, as partners,
any business carried on by a limited liability partnership shall be treated as carried on in partnership by its members,
incorporation, change in membership or dissolution of a limited liability partnership shall be treated as formation, alteration or dissolution of a partnership, and
any transfer of value made by or to a limited liability partnership shall be treated as made by or to its members in partnership (and not by or to the limited liability partnership as such).

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.