Individual - Other issues

Last reviewed - 09 February 2024

Treatment of flow-through business entities

An individual's indirect income from a partnership

The allocation of a partnership's taxable income to an individual partner should be increased by the corresponding part of the partnership's income from:

  • selling shares in companies that are not resident in a tax haven
  • dividends the partnership receives from companies that are not resident in a tax haven, and
  • selling EU/EEA publicly traded securities that are not central or local government securities (including interest payments received on bonds).

A partnership's tax return for the tax period should detail the allocation of taxable income to each individual partner.