TXUK

Syllabus B3j. Partnerships 9 / 16

i) Explain and compute how a partnership is assessed to tax.
ii) Explain and compute the assessable profits for each partner following a change in the profit sharing ratio.
iii) Explain and compute the assessable profits for each partner following a change in the membership of the partnership.
iv) Describe the alternative loss relief claims that are available to partners.
Partnerships