From: "Martin" 
Newsgroups: uk.business.accountancy uk.finance
Subject: Re: trading start in february
Date: Sun, 03 Apr 2005 13:00:30 GMT


"Troy Steadman"  wrote in message
news:9a11ff233ef2a50b1cdf7588613c6962.125090@mygate.mailgate.org...
> "Martin"  wrote in message
> news:upz3e.3815$Br.1541@newsfe2-win.ntli.net
>> "Troy Steadman"  wrote in message
>> news:70b768c51718a73f0888d57eb75cd6b6.125090@mygate.mailgate.org...
>>
>> HTH - and ignore the troll...
>
> Flippin 'eck we've got more trolls in here than accountants!
>
>> > Partnership tax returns are difficult
>> > enough at the best of times
>>
>> Who says?
>>
>> > without sowing in additional complications,
>> > there might be a better way around this.
>>
>> By re-writing history?  I think not.
>
> This is a subject I know very little about which is why I cross referred
> it to the experts such as yourself.

> Do you not want to consider whether
> a continuation election might be appropriate?

CEs went out when self assessment came in - 1996/97.

If the sole trader simply introduced a partner to the existing business, he 
would not have had the cessation he referred to.

QED.

> Without knowing the
> circumstances of this "partner" who suddenly materialises on 11th Feb -
> wife? girlfriend? former employee? business rival? with capital or
> without?...
>
> ...how can you possibly give reliable advice.

Because none of those factors affects the tax procedures, which is what the 
OP was asking.

>
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