| Commentary

22.6 Payment of the tax

| Commentary

22.6 Payment of the tax

Unlike trading profits or losses, capital gains and losses realised by a partnership need not be disclosed in the partnership tax return1. The individual must still declare his share of those gains and losses in his own self-assessment tax return which must be submitted on or before 31 October following the end of the relevant tax year (in the case of a non-electronic return) or on or before 31 January (in the case of an electronic return) following the end of the relevant tax year2. Payment is due on the second

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial