Difficulties in apportioning debits and credits between company partners may occur where the partnership and company partner account in different currencies. This was dealt with by a Tax Bulletin article in October 2002 (TB62/02). Although the TB refers to the original legislation in FA 1996, most of these provisions were rewritten into CTA 2009, Pt. 5, Ch. 9 (as indicated) and the bulletin is still relevant in relation to the operation of CTA 2009, s. 381(2)–(4), former FA 1996, Sch. 9, para. 19(4)).

The text of TB62/02 is set out as follows:

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