The calculation of partnership gains is set out in B7.406. On a disposal by the partnership of an asset, the proceeds are apportioned between the partners by reference to the ratio of their respective shares in asset surpluses at the date of disposal. In most cases this will be the same as the profit sharing ratio, but may differ if:
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•ÌýÌýÌýÌý there is a specific provision in the partnership agreement
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