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(1) The following are included in calculating the cost of a membership interest of a partner in a partnership:

(a) the amount included in calculating the income of that partner under section 52(1), at the time of the inclusion of the amount; and

(b) the share of exempt amounts and final withholding payments of the partner derived by the partnership, at the time the amount or payment is derived.

(2) The following are included in calculating the consideration received for a membership interest of a partner in a partnership:

(a) the amount deducted in calculating the income of the partner under section 52(1), at the time of deduction of the amount;

(b) a distribution made by the partnership to the partner, at the time of distribution; and

(c) the share of domestic or excluded expenditure of the partner incurred by the partnership at the time the expenditure is incurred.