| Links from Section 1008 | ||
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| Act | Linked to | Context |
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Taxes Consolidation Act, 1997 |
(b) Where the year or period (in this paragraph referred to as “the period of computation”) for which the profits or gains of, or the loss sustained in, the several trade of a partner is to be computed under this subsection is or is part of a year or period for which an account of the partnership trade has been made up, sections 65 and 107 shall apply in relation to the partner as if an account of that partner’s several trade had been made up for the period of computation. |
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Taxes Consolidation Act, 1997 |
(b) Where the year or period (in this paragraph referred to as “the period of computation”) for which the profits or gains of, or the loss sustained in, the several trade of a partner is to be computed under this subsection is or is part of a year or period for which an account of the partnership trade has been made up, sections 65 and 107 shall apply in relation to the partner as if an account of that partner’s several trade had been made up for the period of computation. |
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Taxes Consolidation Act, 1997 |
(3)(a) For the purposes of subsection (2) and subject to paragraph (b), the full amount of the profits or gains of the partnership trade for any year or period, or the full amount of the loss sustained in such trade in any year or period, shall, subject to section 1012, be determined by the inspector, and any such determination shall be made as it would have been made if the trade— |
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| Links to Section 1008 (from within TaxSource Total) | ||
| Act | Linked from | Context |
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“(1)(a) The inspector may give notice of a determination made by him or her under section 1008(3) or 1010(6) to the partnership concerned by giving notice in writing to the precedent partner for the time being of the partnership. |
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Taxes Consolidation Act, 1997 |
(2) Subject to this section, subsections (1), (2)(a) and (3) of section 1008 shall apply for the purposes of corporation tax as they apply for the purposes of income tax. |
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Taxes Consolidation Act, 1997 |
(3) Where on any appeal mentioned in subsection (2) any question arises as to an apportionment to be made under section 1008(2) or 1010(7) and it appears that the question is material as respects the liability to income tax (for whatever year of assessment) of 2 or more persons, all those persons shall be notified of the time and place of the hearing and shall be entitled to appear and be heard by the Appeal Commissioners or to make representations to them in writing. |
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Taxes Consolidation Act, 1997 |
(2) (a) In this subsection, “several trade” has the meaning assigned to it by section 1008. |
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Taxes Consolidation Act, 1997 |
(4) References in subsections (2) and (3) to use for the purposes of a trade do not include references to use in pursuance of a letting by the partner or partners in question to the partnership or to use in consideration of the making to the partner or partners in question of any payment which may be deducted in computing under section 1008(3) the profits or gains of the trade. |
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Taxes Consolidation Act, 1997 |
For the purposes of sections 385 to 389, a trade or profession shall be treated as permanently discontinued and a new trade or profession set up or commenced when it is so treated for the purposes of section 69, or where by reference to section 1008(1)(a)(ii) a several trade of a partner has been deemed to have been permanently discontinued; but— |
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Taxes Consolidation Act, 1997 |
“several trade” has the meaning given to it by section 1008. |
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