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Finance Act 2014

Background Note

43.These provisions are part of a wider review of certain parts of the partnership rules announced at Budget 2013.

44.A consultation document Partnerships: A review of two aspects of the tax rules was published on the GOV.UK website on 20 May 2013 and the consultation closed on     9 August 2013.

45.This element of the partnerships review measure is discussed in the consultation document under the headings: Partnerships with mixed membership – profits: Profit deferral and working capital arrangements.

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