Partnership Full 07 - Averaging adjustment

If the partnership:

• carries on the business of farming or market gardening
• has income from selling or allowing others to reproduce literary or artistic works which were created by one or more of the partners

you may be able to claim an adjustment for 'averaging'.

For more information please view the:

• Help Sheet 224 - Farmers and market gardeners
• Help Sheet 234 - Averaging for creators of literary or artistic works

Enter in this box the amount by which your profit is changed by the averaging claim. Put a minus sign (-) before the figure if the adjustment reduces your profit. This entry does not change the amount of any loss to be included later in the return.