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B2. Receipt of income

INCOME TAX 

Capital allowances

- Ignore changes in partnership unless no partners in common or activity treated as discontinued

- In general, changes in the partners are ignored as long as at least one person is the same before and after (CA 2001, s.263(1A); CA29010).

Legislation: 

Cases: 

HMRC manuals: 

Commentary: 

See also:

 © 2025 by Michael Firth, Gray's Inn Tax Chambers

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