1034 - 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 '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 the amount in this field by which your profit is changed by the averaging claim. Put a minus sign (-) in if the adjustment reduces your profit. This entry does not change the amount of any loss to be included later in the return.

For further guidance and information see the Partnership (short) notes.