BIM72200 - Partnerships - computation and assessment: contents
This section contains the following guidance on the computation of partnership profits, the allocation of profits to partners and the application of the current year and previous year basis of assessment rules as they apply to partners and partnerships.
| BIM72201 | Current year basis of assessment |
| BIM72205 | Not a separate entity for tax purposes |
| BIM72210 | Profits and losses computed at partnership level |
| BIM72215 | Claims and elections affecting partnership profits |
| BIM72220 | Claims and elections affecting partner’s tax liability |
| BIM72225 | Changes in ownership |
| BIM72230 | Changes in membership - loss relief |
| BIM72235 | Individual, company and non-resident members |
| BIM72240 | Allocation of profits and losses |
| BIM72245 | Allocation must not create or increase a loss |
| BIM72250 | Examples of allocation of profits and losses |
| BIM72255 | Profits - partner’s deemed trade |
| BIM72260 | Profits - partner’s deemed trade - commencement and cessation |
| BIM72265 | Profits - partner’s deemed trade - basis period rules |
| BIM72270 | Profits - partner’s deemed trade - change of partnership accounting date |
| BIM72275 | Other income - computation of income |
| BIM72280 | Other income - allocation of income |
| BIM72285 | Other income - partner’s basis periods |
| BIM72290 | Other income - partner’s basis period - taxed income |
| BIM72295 | Other income - partner’s basis period - untaxed income |
| BIM72300 | Other income - partner’s basis period - losses |
| BIM72305 | Affect of changes in membership on partner’s basis periods |
| BIM72310 | Other income - overlap relief |
| BIM72315 | Other income - losses and overlap relief |
| BIM72320 | Investment business - partner’s basis period |
| BIM72325 | Changes in membership |
| BIM72330 | Examples of partnership computations |
| BIM72335 | Previous year basis of assessment |
