EM7585 - Partnerships: discovery for partnerships

S30B TMA1970

Where an officer makes a discovery that there is

  • profits that have been omitted from the partnership statement
  • profits in the partnership statement which is or has become insufficient, or
  • relief or allowance claimed which is excessive

they may be able to amend the partnership tax return so as to make good the omission or deficiency. This is called a 바카라 사이트˜discovery amendment바카라 사이트™.

A discovery amendment is subject to the normal conditions and time limits for discovery which are outlined in EM3220. See also EM3241 for 바카라 사이트˜discovery for partnerships바카라 사이트™.

After a discovery amendment has been made to the partnership return, the partners personal returns must also be amended 바카라 사이트˜so as to give effect to the amendments of the partnership return바카라 사이트™. This is done by making a consequential amendment to each of the partners returns.


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