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Owner-Managed Businesses

Taxation of taxed income of a partnership

Produced by Tolley
  • 23 Jun 2022 10:31

The following Owner-Managed Businesses guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Taxation of taxed income of a partnership
  • Introduction
  • How taxed income is treated

Taxation of taxed income of a partnership

Introduction

This note explains the rules which apply when a partner receives taxed income from the partnership. The Taxed income of a partnership guidance note details what income is included as ‘taxed income’.

For the taxation of untaxed income, see the Taxation of untaxed income of a partnership guidance note. For the taxation of trading profits, see the Taxation of partnership trading profits guidance note. For foreign income, see the Partnership foreign income and tax paid guidance note.

How taxed income is treated

A partnership’s taxed income is dealt

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