INTRODUCTION

Related Commentary  Related HMRC Manuals

130(1)  The Inland Revenue may make provision by regulations as to the application of this Schedule in relation to activities carried on by a company in partnership.

130(2)  Nothing in the following provisions of this Part of this Schedule shall be read as restricting the generality of this power.

CALCULATION OF PARTNERSHIP PROFITS

Related HMRC Manuals

131  The Regulations may provide that–

(a)for the purpose of calculating the profits of a partner which is a tonnage tax company, the profits of the partnership shall be calculated as if the partnership were a tonnage tax company, and

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