Owner-Managed Businesses

Taxed income of a partnership

Produced by Tolley
  • 19 Oct 2021 08:14

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

  • Taxed income of a partnership
  • Introduction
  • Common sources of taxed income
  • Tax vouchers

Taxed income of a partnership

Introduction

This note explains what is taxed income for a partnership. How this income is allocated and taxed on the partners are discussed in the Allocation of partnership income and Taxation of taxed income of a partnership guidance notes.

Common sources of taxed income

Partnerships frequently receive taxed income of the following types:

  1. dividends paid by UK compa

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