C1Part 9Partnerships

Annotations:
Modifications etc. (not altering text)
C1

Pt. 9 modified (with effect as mentioned in Sch. 6 para. 6(2)-(7) to the amending Act) by Income and Corporation Taxes Act 1988 (c. 1) , s. 774D(4) as inserted by Finance Act 2006 (c. 25), s. 76, Sch. 6 para. 6(1)

Calculation of partners' shares

851Calculations etc. where firm has other income or losses

1

This section applies if—

a

sections 849 and 850 apply in relation to the profits or losses of a trade carried on by a firm, and

b

the firm has other income or losses.

2

Those sections also apply as if references to the profits or losses of the trade were references to the other income or losses.