TTM13460 - Partnerships: Capital allowances
On exit from tonnage tax: Variations in share of partnership property
TTM13420Ìý²¹²Ô»å
TTM13440Â describe
the way that the other partners바카라 사이트™ future entitlement to capital allowances may
be affected when one of the partners leaves tonnage tax.
In both cases the adjustment required is based upon the tonnage tax companies바카라 사이트™
share in partnership property (amount 바카라 사이트˜A바카라 사이트™ in the formulae).
If there has been a variation in that company바카라 사이트™s share in partnership property
in the six years preceding the point at which adjustment is made, the figure to
be used is the average of the company바카라 사이트™s share over that period instead.
If the company has been a corporate partner, or has been a tonnage tax company,
for less than six years, then the figure to be used is the average of the
company바카라 사이트™s share over the period from the later of these two events to the time
when the adjustment is needed.
References
S100/2303/REG8 (8) (variation in share of partnership property  TTM18008
Compensatory payments between partners     ÌýÌýÌýÌý          TTM13450