Tolley's Partnership Taxation

This work deals comprehensively with the way in which trading and professional partnerships and their individual (and corporate) partners are charged to UK tax. The book is practical in its approach and uses 120 worked examples. All the main UK taxes, including National Insurance, are covered.;This edition includes comprehensive coverage of the effect on partnerships and partners of the new current year basis of assessment rules introduced by the Finance Act 1994 and already in operation for partnerships commenced (or treated as commenced) after 5 April 1994. These include the ending of joint assessments on partnership trading and professional income, and also affect loss reliefs and capital allowances. The book continues to cover fully the preceding year basis rules, and also deals with the transitional rules on the changeover. Also included is the effect on partnerships and partners of self-assessment. The work is generally updated to include provisions of the Finance Act 1994 and other developments to summer 1994.;This work deals comprehensively with the way in which trading and professional partnerships and their individual (and corporate) partners are charged to UK tax. The book is practical in its approach and uses 120 worked examples. All the main UK taxes, including National Insurance, are covered.;This edition includes comprehensive coverage of the effect on partnerships and partners of the new current year basis of assessment rules introduced by the Finance Act 1994 and already in operation for partnerships commenced (or treated as commenced) after 5 April 1994. These include the ending of joint assessments on partnership trading and professional income, and also affect loss reliefs and capital allowances. The book continues to cover fully the preceding year basis rules, and also deals with the transitional rules on the changeover. Also included is the effect on partnerships and partners of self-assessment. The work is generally updated to include provisions of the Finance Act 1994 and other developments to summer 1994.