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Official guidance
Capital Gains Manual

CG10700P · Capital Gains manual: introduction and computation: persons chargeable: summary

  • CG10730 · Persons chargeable: individuals
  • CG10731 · Persons chargeable: partners
  • CG10732 · Persons chargeable: trustees and personal representatives
  1. Capital Gains manual: introduction and computation: persons chargeable: summary: contents
  2. Persons chargeable: partners

CG10731 | Persons chargeable: partners

From HM Revenue & Customs · Capital Gains Manual

TCGA92/S59

Where two or more persons carry on a trade or business in partnership

  • disposals of chargeable assets owned by the partnership are treated as disposals by the partners and not by the firm as such,

and

  • Capital Gains Tax is assessed and charged on the partners separately.

See CG27000.

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