Partner ship deed

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Tax practitioner
335 Points Posted on 15 December 2020
is it any restrictions in partnership deed making time capital intruduce amount show.
total 5 partner each partner have 8.5 lakh startup capital is there. can i show on 8.5 lakhs each partners capital intruduce amount on partnership deed.
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On 15 December 2020 at 08:51 Report
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Quick Summary
This discussion clarifies rules around introducing capital into a partnership. It addresses whether each of the five partners can list their full £8.5 lakh startup capital contribution on the partnership deed. The consensus is that there are no inherent restrictions preventing this, allowing for accurate representation of each partner's investment.

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Accountant
3662 Points Posted on 15 December 2020
No.....
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On 15 December 2020 at 22:40
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Tax consultant
5895 Points Posted on 16 December 2020
No restriction
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On 16 December 2020 at 00:18

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