The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This note explains the rules which apply when a partner receives taxed income from his partnership.
For untaxed income, see the Untaxed income of a partnership guidance note. For the taxation of trading profits see the Partnership profit allocation guidance note. For foreign income, see the Partnership foreign income and tax paid guidance note.
Partnerships frequently receive taxed income of the following types:
Sometimes dividends are automatically reinvested, for instance when the holding is
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