Taxes Consolidation Act, 1997
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Partnerships.
[CGTA75 s4(5)]
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30.—Where 2 or more persons carry on a trade, business or profession in partnership—
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(a) capital gains tax in respect of chargeable gains accruing to those persons on the disposal of any partnership assets shall be assessed and charged on them separately, and
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(b) any partnership dealings in assets shall be treated as dealings by the partners and not by the firm as such.
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