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CX 61: Avoidance arrangements
or “Rules about income that doesn't count for tax purposes”
You could also call this:

“Partners in a partnership may have some income that's not taxed”

If you are a partner in a partnership, you might have some income that is excluded from tax. This happens when the rules about joint venturers, partners, and partnerships (found in subpart HG of the Income Tax Act) are applied to you and your partnership. The amount of income that is excluded from tax because of these rules is called “excluded income”. This means you don’t have to pay tax on this specific amount of money.

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Next up: CX 63: Dividends derived after company ceased to be look-through company

or “Dividend exclusions after company stops being look-through”
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Part C Income
Excluded income: Definitions

CX 62Amounts of excluded income for partners

  1. A person who is a partner has an amount of excluded income to the extent to which an amount of excluded income results from the application of subpart HG (Joint venturers, partners, and partnerships) to them and their partnership.

Notes
  • Section CX 62: added, on , by section 9(1) of the Taxation (Limited Partnerships) Act 2008 (2008 No 2).