Partnerships

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This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

It is the individual partners who make a capital gain or capital loss from a CGT event, not the partnership itself. For CGT purposes, each partner owns a proportionate share of each CGT asset.

Joint tenants

For CGT purposes, individuals who own an asset as joint tenants are each treated as if they own an equal interest in the asset as a tenant in common. Each joint tenant or tenant in common makes a capital gain or capital loss from a CGT event in line with their interest in the asset.