{
  "url": "https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992/section-60",
  "json_url": "https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992/section-60.json",
  "legislation": "ukpga/1979/14",
  "legislation_title": "Capital Gains Tax Act 1979 (repealed 6.3.1992)",
  "legislation_url": "https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992",
  "path": "section/60",
  "kind": "section",
  "number": "60",
  "heading": "Partnerships.",
  "text": "Where two or more persons carry on a trade or business in partnership—\n(a) tax in respect of chargeable gains accruing to them on the disposal of any partnership assets shall, in Scotland as well as elsewhere in the United Kingdom, be assessed and charged on them separately, and\n(b) any partnership dealings shall be treated as dealings by the partners and not by the firm as such, and\n(c) section 112(1)(2) of the Taxes Act 1988 (residence of partnerships) shall apply in relation to tax chargeable in pursuance of this Act as it applies in relation to income tax.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words substituted by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), Sch. 29 paras. 15 and 32"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1979/14/section/60",
    "retrieved_at": "2026-10-29T10:18:25.768570+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}