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Partnerships

All partnerships, including general partnerships, limited partnerships and limited liability partnerships, are treated as entities by all of the agreements for automatic exchange of information. »Ê¹ÚÌåÓýapprefore, for all purposes of this guidance, a partnership is to be treated as if it were an entity with separate legal personality.

A partnership can be either a Financial Institution or an NFE. To determine the status of the partnership you should consider whether or not it meets any of the definitions of Financial Institution [see IEIM400600]. If it does not it will be an NFE [see IEIM404040].