Section 415 CTA2010

Complex sharing arrangements can exist. For this reason the partner's interest in a business is determined on a just and reasonable basis based, in particular, on the way in which a share of profits or losses is determined for section 1262 CTA2009 purposes but without regard to sections 1263 and 1264 of that Act and the allocation of capital allowances.

If it is just and reasonable to do so, matters not taken into account for these purposes may be considered here. If you think that other matters should be taken into account please seek advice from CTISA (CT&BIT) before advancing detailed arguments.

Example: partnership sharing arrangements

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