Which of the following statements is true regarding partnership shares in a SIP?

The correct statement regarding partnership shares in a SIP (Share Incentive Plan) is that they provide a deduction against employment income when purchased with pre-tax remuneration. This mechanism is particularly favorable as it allows employees to acquire shares using their earnings before tax, thus reducing their taxable income at the time of purchase.

When employees utilize pre-tax remuneration to buy shares, they benefit from immediate tax relief, which can make the investment more attractive compared to using after-tax income. This is significant because the tax deduction can enhance the overall financial benefit of participating in a SIP, thereby incentivizing employee participation and investment in the company's shares.

While the other statements may address certain aspects of share ownership or SIPs, they do not accurately capture the key tax advantage provided when shares are bought using pre-tax remuneration. For instance, shares held indefinitely without tax implications or those that must be sold within a year do not reflect the specific regulatory and tax incentives tied to the structure and intention of SIPs. Thus, option D highlights an important financial strategy available to employees under a SIP framework.