[14 September 2015]

This statement of practice was originally issued by HM Revenue and Customs (HMRC) (previously Inland Revenue) on 17 January 1975 following discussions with the Law Society and the Allied Accountancy Bodies on the Capital Gains Tax (CGT) treatment of partnerships. This statement sets out a number of points of general practice which have been agreed in respect of partnerships to which TCGA92/S59 applies.

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