I9.451 Introduction

Business assets

I9.451 Introduction

This section deals with business assets generally. Intellectual property rights are dealt with at I9.452 and ships and aircraft at I9.471.

Partnership business

An interest in a partnership business is situated in the country where the business is carried on1. If a firm carries on business in several countries the partnership interest may be held to be situated in the country where the head office or the centre of management and control is situated2. However, if the businesses are treated as distinct in the partnership books and in the mode of conduct of the partners, each

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