Section 15

section 44 of the principal Act is amended by inserting after subsection (5d) the following subsection:

“(5e) Where a partnership or a company is converted into a limited liability partnership in accordance with section 29 or 30 of the Limited Liability Partnerships Act 2012, the amount ascertained under subsection 44(4) or (5) for any relevant year in respect of that partnership or company shall be allowed for the purposes of ascertaining the aggregate income of that limited liability partnership for a year of assessment following the relevant year.”.

16

Act 755

amendment of section 44A