LIABILITY RULES OF GENERAL APPLICATION
RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS
Special rules for companies and partnerships
In the case of a partnership:
item 1.8 (exception for providing employee with an allowance) of the table in section
apply to a partner in the same way as they apply to an employee of the partnership, but only for the purposes of calculating, in accordance with section
Income Tax Assessment Act 1936
, the partnership's net income or partnership loss.