Syllabus B5
Partnerships 4 / 6
a) Explain how the trading profit rules are adapted for partnerships.
b) Explain and show the effect of capital allowances on partnerships.
c) Demonstrate the effect of changes in partnerships
i) change in profit sharing ratios
ii) new partners
ii) departing partners.
d) Illustrate the loss relief claims available to individual partners.
How to allocate partnership profits/losses?
5:43
Illustration
1:46
Past Exam Question
2:54
Partnerships and limited liability partnerships
Previous
B4. Relief for trading losses
B. Adjusted Profit / Loss Computations
Next up
B6. National insurance contributions for self-employed
B. Adjusted Profit / Loss Computations