About this Guide

This guide will help you with information on how to file the IR7.

When to use this guide

When two or more people are in a business partnership, they must file an Income tax return: Partnerships and Look-Through Companies (LTCs) – IR7, showing the total income after expenses and distribution to partners.

Each partner must file a personal tax return showing all income, including a share from the partnership. The partnership is not assessed for tax, but each partner is liable for tax on their share of income from the partnership.

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