CTM93120 - CTSA: the filing obligation: information about partnership income

FA98/SCH18/PARA12 provides that when a company carries on a trade, profession or business in partnership, it must include its share of any:

• income,
• loss,
• consideration,
• tax credit, or
• charge,

in its company tax return.

This is the amount shown in a partnership statement made under TMA70/S12AB for a period that coincides with or overlaps the period covered by the return.