How are capital gains treated in the case of a partnership?
- When a CGT event happens to an asset of a partnership the partners are considered as having make the capital gain or loss individually in proportion to their interest in the partnership.
- The partnership does not make the capital gain or loss.
- You can use our Phone a Lawyer service for a preliminary legal consultation if you think you may need legal advice.
Read some more FAQS from our Capital Gains section