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Application of mixed partnership rules (Walewski v HMRC)

Published on: 22 June 2021
Published by: LexisPSL
  • Application of mixed partnership rules (Walewski v HMRC)
  • Why it matters
  • Case details

Article summary

Tax analysis: In Walewski v HMRC the Upper Tribunal (UT) confirmed the decision of the First-tier Tax Tribunal (FTT) that the mixed partnerships rules in section 850C of the Income Tax (Trading and Other Income) Act 2005 (ITTOIA 2005) applied to reallocate the profits of two partnerships from a corporate to an individual partner. or take a trial to read the full analysis.

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