CA15200 - General: successions: partnership changes
CAA01/S558
This part of the legislation applies for the purposes of allowances other than PMAs and RDAs and provides that a partnership change that is not treated as a permanent discontinuance by
ITTOIA 2005/Ss 246(3), (4) and 353 (2), (3), (formerly ICTA88/S113 (1)), or
CTA 2009 /S41 (2) Sch 1 para 519 (3), (formerly ICTA88/S337 (1))
is not treated as a cessation for capital allowance purposes. Capital allowances are calculated as if the new partnership had been carrying on the business from the start and had done everything that the original partnership had done.
There are separate rules concerning PMAs and partnership changes. These are covered in CA29000.