3 partners sharing equally
Year end 29/2/04
Profit (adjusted) £39063
Partner (a) leaves 30/6/03
Is the profit allocated as follows
a- 1/3/03 -30/6/03 122 days over 366 days =£13021 / 3 = £4340 less overlap relief
b- (39063-4340)/2 =£17361
c- (39063-4340)/2 = £17361
Jim