The following rules about European Economic Interest Groupings1 apply for the purposes of charging income tax or charging corporation tax in respect of income2.
Rule 1: A grouping is treated as acting as the agent of its members.
Rule 2: The activities of a grouping are treated as those of its members acting jointly.
Rule 3: Each member of a grouping is treated as having a share of the grouping's property, rights and liabilities.
Rule 4: Any trade carried on by the grouping is treated as carried on in partnership by the members of the grouping3.
For the purposes of Rule 3, a member's
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