Page 7 - Partnerships

PARTNERSHIPS

s24H

• Section 24H(5)(a):

• Income received by/accrued to a partnership

• Deemed to have been received by/accrued to each

individual partner on same date

• In ratio per the partnership agreement

• Section 24H(5)(b):

• Expenditure incurred by/allowances granted to a

partnership:

• Deemed to have been incurred by/granted to each

individual partner on same date as the related income

accrued to each partner

• In ratio per the partnership agreement

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