Partnership profit/(loss) (SA900)

This screen is accessed via the data input tab within the tax return.

Partnership details

• ‘Partnership name’
• ‘Partnership reference number’
• ‘Partnership trade or profession’
• ‘Date joined’
• ‘Date left’

Share of trading income

• ‘Basis period starts’
• ‘Basis period ends’
• ‘Share of profit /(loss)’
• ‘Adjustments to arrive at profit /(loss) for basis period’

Overlap relief

• ‘Overlap profits brought forward’
• ‘Overlap profits arising this year’
• ‘Overlap relief used this year’
• ‘Overlap profits to carry forward’

Profits and losses

• ‘Adjustment for farm and literary averaging’
• ‘Net profit/(loss)
• ‘Losses brought forward’
• ‘Loss b/fwd used’
• ‘Loss used against other income’
• ‘Loss carried back to earlier years’
• ‘Total loss to carry forward’

Taxable profits

• ‘Taxable profit for year’
• ‘Additional amounts not included in accounts’
• ‘Total taxable profits’

Investment income

• ‘Is investment income from this partnership included elsewhere?’
• ‘Share of losses on partnership investments’

Additional text note for Tax Return