Help with partnerships on your Self Assessment tax return
Find information on completing the partnership section of your Self Assessment tax return.
Find out about using cash basis accounting to work out your income and expenses if you’re a partner and what you can claim capital allowances on.
You must tell HMRC about any income you receive from a partnership in your Self Assessment tax return.
Helpsheets for filling in your tax return
Helpsheets provide information which can help you complete certain sections of your Self Assessment tax return. For example, checking if you qualify for a certain relief and working out figures you might need to include in your return.
Working out your profits
Work out how to calculate your taxable profits (HS222).
Find out how to fill in your Self Assessment tax return if you have more than one business (HS220).
If you’re claiming reliefs or allowances as a partner
Read helpsheets about:
- the limit on Income Tax reliefs (HS204)
- reliefs and rules for farmers and market gardeners (HS224)
- relief for trading losses (HS227)
- the averaging tax relief for authors or artists (HS234)
- capital allowances and balancing charges (HS252)
If you’re a non-resident entertainer or sportsperson
Understand tax rules on non-resident entertainer or sportsperson (HS303).
Other partnership helpsheets
Read helpsheets about:
- information from your accounts (HS229)
- calculating doctors’ expenses (HS231)
- farm stock valuation (HS232)
Paper tax return
If you complete a paper tax return, you may need to use a supplementary page to record partnership income on your SA100 tax return. You can use either:
-
supplementary page SA104S — to record a short version of partnership income
-
supplementary page SA104F — to record full partnership income