Briefly explain the basis by which partners are assessed in respect of their share of a partnership
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Question:
£
Year ended 31 December 2020 60,000
Year ended 31 December 2021 72,000
Anne and Betty each have unrelieved overlap profits of £3000
Calculate the trading profit assessment of Anne, Betty and Chloe for 2020/21 and 2021/22.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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