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Home Forums Patrick Cannon How do you calculate the SLP if there is a fixed share partner? Reply To: How do you calculate the SLP if there is a fixed share partner?

#670
Patrick
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Para 34(2) doesn’t help much and simply refers to the partner’s share of the income profits “at that time” but this will not normally be capable of an accurate calculation until after the end of the accounting period. In practice a reasoned estimate can be used but I would try and incorporate the fixed share although given that the parties are connected and associates it may not affect the SLP calculation.