PART II RETURNS OF INCOME AND GAINS
F1Partnerships
12ABF2Partnership return to include partnership statement.
F31
Every F10partnership return shall include a statement (a partnership statement) of the following amounts, namely—
a
in the case of F5the period in respect of which the return is made and each period of account ending within that period—
i
the amount of income or loss from each source which, on the basis of the information contained in the return and taking into account any relief or allowance a section 42(7) claim for which is included in the return, has accrued to or has been sustained by the partnership for F6the period in question,
F7ia
the amount of the consideration which, on that basis, has accrued to the partnership in respect of each disposal of partnership property during that period,
ii
each amount of income tax which, on that basis, has been deducted or treated as deducted from any income of the partnership, or treated as paid on any such income, for that period,
iii
the amount of each tax credit which, on that basis, has accrued to the partnership for that period, and
iv
the amount of each charge which, on that basis, was a charge on the income of the partnership for that period; and
F112
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F113
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F114
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
In this section—
F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F4“section 42(7) claim” means a claim under any of the provisions mentioned in section 42(7) of this Act;
F4“tax credit” means a tax credit to which section 231 of the principal Act applies F14in the case of corporation tax and section 397(1) of ITTOIA 2005 applies in the case of income tax.
S. 12AA and cross-heading inserted (with effect in accordance with s. 199(2)(3) of the amending Act) by Finance Act 1994 (c. 9), s. 184; S.I. 1998/3173, art. 2