PM163350 - Partners' personal expenses
The claim for relief of any expenditure incurred by a partner on behalf of the partnership must be included in the computation of the partnership바카라 사이트™s business profits. It is not possible for individual partners to make personal claims, for either expenses or capital allowances.
This is because revenue expenditure incurred by a partner only qualifies for relief if it is made wholly and exclusively for the purposes of the partnership business. The only legal basis for giving relief for such expenditure is as a deduction in the calculation of the profits of the partnership business. See BIM37000 onwards for guidance on the 바카라 사이트˜wholly and exclusively바카라 사이트™ test.
Similarly the only legal basis for giving relief for expenditure qualifying for capital allowances is as a deduction in the calculation of the profits of the partnership business. The exception to this rule is where there is a formal leasing agreement between the partner and the partnership. In these circumstances the allowance is due against the partner바카라 사이트™s leasing income.
You should not accept any deductions for expenses from the net profits allocated to a partner.
See PM163360 for guidance on when an expense met by a partner is an expense of the partnership.