Source Currency: Issue 29 September 2026 The following chapters have been updated Chapter 1 Partnerships and partners Chapter 2 Limited liability partnerships (LLPs) Chapter 3 The calculation of the tax-adjusted profit or loss Chapter 4 The basis of assessment of partnership profits Chapter 6 Changes of accounting date and the choice of accounting date Chapter 7 Capital allowances Chapter 8 The division of profits between individual partners Chapter 9 Other partnership income, partnership charges and national insurance contributions Chapter 10 Losses Chapter 11 The UK partnership return, partners’ self assessment and tax administration Chapter 12 Reserving for tax liabilities Chapter 13 The basis of accounting within partnerships and post-cessation receipts Chapter 14 The taxation of capital gains Chapter 15 Partnership mergers and demergers Chapter 16 Partnerships trading overseas and overseas earnings Chapter 17 Relief for overseas taxes Chapter 18 Companies in partnership Chapter 19 Other special types of partner Chapter 19A Property investment partnerships Chapter 20 Venture capital or private equity partnerships Chapter 21 Financing a partnership Chapter 22 Provision for retirement Chapter 23 ‘Subsidiary’ companies, service companies and service partnerships Chapter 24 Incorporation Chapter 25 Inheritance tax Chapter 26 Value added tax and stamp duty.