PM139000 - Non trade income
Where a partnership has a source of non-trade income (바카라 사이트˜other income바카라 사이트™), the amount of any assessable income is determined as if the partnership was an individual (or company if required), regardless of whether the income is taxed or untaxed, or the source of the income. However, there are different rules for determining the basis period applying to taxed and untaxed 바카라 사이트˜other income바카라 사이트™. Detailed guidance on this topic is available at PM163460 onwards. In summary, a common basis of assessment is applied to all untaxed income by treating untaxed 바카라 사이트˜other income바카라 사이트™ as arising from a 바카라 사이트˜second deemed trade바카라 사이트™ carried on in parallel to the partner바카라 사이트™s first 바카라 사이트˜deemed trade바카라 사이트™, whilst an actual basis of assessment (6 April to 5 April) is used for any taxed income. Please be aware of the variation to this general rule for partnerships whose partners are all persons liable to Corporation Tax (바카라 사이트˜CT partnerships바카라 사이트™), details can be found at PM212000.