Taxes Management Act 1970 Schedule 1A paragraph 1

Preliminary

Schedule 1A paragraph 1 sets out the key definitions used throughout the Schedule for the purpose of claims and elections.

• A "claim" means any claim or election to which this Schedule applies, while a "partnership claim" is one made under specific provisions relating to partnerships, including claims for overpaid corporation tax.
• "Profits" has different meanings depending on the tax in question: income for income tax, chargeable gains for capital gains tax, and profits as computed for corporation tax purposes.
• A "relevant partner" is any person who was a partner at any time during the period covered by the partnership claim.
• Where a person who made a partnership claim is no longer a partner or is otherwise unavailable, a "successor" may be nominated by a majority of the current partners, and the terms "predecessor" and "successor" are interpreted accordingly.