Assertion: partnership | /r/HasProperty | treated
Facets:
value: ordinarily
type: DEGREE
value: as terminating for tax purposes
type: PURPOSE
value: regardless of
type: OTHER
Source sentences:
text: A partnership is ordinarily treated as terminating for tax purposes (regardless of whether it actually terminates) if it stops doing business as a partnership or if 50 percent or more of the total interest in the capital and profits changes hands by sale or exchange within 12 consecutive months.