- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
(1)For the purposes of section 104 the individual’s contribution to the firm is the sum of amounts A and B.
(2)Amount A is the amount which the individual has contributed to the firm as capital less so much of that amount (if any) as is within subsection (4).
(3)In particular, the individual’s share of any profits of the firm is to be included in the amount which the individual has contributed to the firm as capital so far as that share has been added to the firm’s capital.
(4)An amount of capital is within this subsection if it is an amount which—
(a)the individual has previously drawn out or received back,
(b)the individual is or may be entitled to draw out or receive back at any time when the individual is carrying on a trade as a limited partner in the firm, or
(c)the individual is or may be entitled to require another person to reimburse to the individual.
(5)In subsection (4) any reference to drawing out or receiving back an amount is to doing so directly or indirectly but does not include drawing out or receiving back an amount which, because of its being drawn out or received back, is chargeable to income tax as profits of a trade.
(6)Amount B is the amount of the individual’s total share of profits within subsection (7) except so far as—
(a)that share has been added to the firm’s capital, or
(b)the individual has received that share in money or money’s worth.
(7)Profits are within this subsection if they are from the relevant trade.
(8)In determining the amount of the individual’s total share of profits within subsection (7) ignore the individual’s share of any losses from the relevant trade which would (apart from this subsection) reduce that amount.
(9)In subsections (3), (7) and (8) any reference to profits or losses are to profits or losses calculated in accordance with generally accepted accounting practice (before any adjustment required or authorised by law in calculating profits or losses for income tax purposes).
(10)If the firm is carrying on, or has carried on, other trades apart from the relevant trade, subsections (7) and (8) have effect as if references to the relevant trade were references to the relevant trade or any of the other trades.
(11)This section needs to be read with any regulations made under section 114 (specified amounts to be excluded in calculating the individual’s contribution to the firm for the purposes of section 104).
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Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Testun a grëwyd gan yr adran o’r llywodraeth oedd yn gyfrifol am destun y Ddeddf i esbonio beth mae’r Ddeddf yn ceisio ei wneud ac i wneud y Ddeddf yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol. Cyflwynwyd Nodiadau Esboniadol ym 1999 ac maent yn cyd-fynd â phob Deddf Gyhoeddus ac eithrio Deddfau Adfeddiannu, Cronfa Gyfunol, Cyllid a Chyfnerthiad.
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