高頓網(wǎng)校小編今天分享給大家ACCA F6科目的知識(shí)點(diǎn)：Partnerships，希望對大家有所幫助。
       1 Introduction
　　Although a person may be a partner in a firm, he is still a
　　separate taxable person for income tax (and CGT). The person's share of
　　partnership profits is assessed to tax as part of his total taxable income for
　　a tax year.
　　For self-assessment purposes, the firm produces a partnership
　　return showing the allocated amounts of income (and gains) for all partners.
　　Each partner uses this information to complete his individual annual tax
　　return.
　　2 Allocations of Trading Profits and Losses
　　Between Partners
　　Adjusted profits and losses, determined for the period of account
　　of the firm as a whole, are allocated between the partners in the
　　profit-sharing arrangements of that period of account.
　　Profit-sharing arrangements include the partners' salaries,
　　interest on contributions to the firm's capital and the profitsharing ratio
　　that is used to allocate surplus profits.
　　If the profit-sharing arrangement changes during a period of
　　account, the profit or loss is time-apportioned between the periods before and
　　after the change. The profit or loss before the change is allocated according
　　to the old arrangement; the profit or loss after the change according to the
　　new arrangement.
　　Each partner's share of profit or loss will then be used to
　　determine his assessments under the current year basis (CYB) for each tax year.
　　3 Admission and Retirement of Partners
　　When a partner is admitted to an existing firm (or a sole trader
　　takes in his first partner), the incoming partner is assessed using the current
　　year opening year rules on his share of the firm's profits. The assessment of
　　each of the existing partners is unaffected.
　　When a partner leaves an existing firm, the last year basis
　　applies to his share of profits only, with relief for his share of accumulated
　　overlap profits. Again, the assessment basis for the remaining partners is
　　unaffected.
　　4 Cessation of the Firm as a Whole
　　Where the firm as a whole ceases to be assessed to income tax, the
　　last year basis applies to all the partners with relief given for each
　　partner's share of accumulated overlap profits.
　　5 Trading Loss Relief for a Partner
　　Where a partner has a loss for a tax year he can choose to relieve
　　his share of the loss in the way that best suits his individual circumstances.
　　For an established business, this usually means choosing between
　　the more immediate s.64 relief against total income (with or without s.261 TCGA
　　1992 relief against gains) and later s.83 carry forward relief against future
　　shares of trading profit.
　　All partners of a new firm and a new partner of an existing firm
　　may claim s.72 relief for attributable shares of a loss of any of the first
　　four tax years of assessment.
　　Where a partner leaves a firm and has been allocated a loss prior
　　to his retirement, he can claim the appropriate form of loss relief, including
　　s.89 (terminal loss) relief against his share of trading profits for the final
　　and preceding three tax years of his trade.
　　If the firm as a whole ceases trading in such circumstances, then
　　all partners can make a terminal loss claim.
　　6 Capital Allowances
　　Assets attracting capital allowances may be owned by the firm
　　(e.g. office equipment) or by the partners personally and used for business purposes
　　(e.g. motor cars).
　　Where these different arrangements exist:
　　= capital allowances are calculated on both types of assets for
　　the period of account of the firm (i.e. as normal);
　　= capital allowances on the firm's assets are deducted as a
　　trading expense before allocating profits between the partners (note this
　　applies to all assets owned by the partnership, even if subject to private
　　use);
　　= capital allowances attributable to the business use of privately
　　owned assets are deducted from the share of profits of each partner after
　　allocation.
　　7 Limited Liability Partnerships (LLPs)
　　Limited liability partnerships (LLPs) are separate legal entities
　　in which the partner's liability for the firm's debts is limited to their fixed
　　capitals.