A change in ownership can be achieved by a change in the
ownership of a partner company rather than by a change in the
partner’s share in the partnership business.
Example
In this example the partnership sharing arrangements remain
constant but partner B Ltd is sold E Ltd. This change is a
‘qualifying change in ownership’ as defined in
FA06/SCH10/PARA10, see
BLM80305.
The principal company of B Ltd is a 75% subsidiary of D Ltd.
D Ltd is the principal company of B Ltd. B Ltd ceases to be a 75%
subsidiary of D Ltd and this is a relevant change in the
relationship, see
BLM80315.
