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CGT Expertise needed

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  • 06-12-2011 1:52pm
    #1
    simonslife
    Registered Users Posts: 19 ✭


    I am a law student that needs some advice on the CGT liability of a partnership that bought and sold property at a profit. Very simply, is a formal, legal partnership liable to capital gains tax or it that partnership liable for taxes based on profits only?
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    #2
    nompere
    Registered Users Posts: 1,677 ✭✭✭nompere


    Property related questions aren't allowed here.

    In general, income tax and capital gains tax assessments are raised on individuals, not partners.


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