https://www.taxtmi.com/acts?id=6485 Valuation of interest in a partnership requires determining the firm's net wealth and allocating the portion equal to capital among partners by contributed capital; the residue is allocated per dissolution agreement or, absent that, by profit-sharing entitlements. The sum allocated to an individual is the value of his interest. If net wealth includes assets outside the jurisdiction, in-jurisdiction interest is proportioned by the value of in-jurisdiction assets after related debts to the firm's net wealth. Assets subject to special statutory attribution are included proportionately in a partner's interest. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 14 Sep 2012 16:21:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6485 Valuation of interest in a partnership requires determining the firm's net wealth and allocating the portion equal to capital among partners by contributed capital; the residue is allocated per dissolution agreement or, absent that, by profit-sharing entitlements. The sum allocated to an individual is the value of his interest. If net wealth includes assets outside the jurisdiction, in-jurisdiction interest is proportioned by the value of in-jurisdiction assets after related debts to the firm's net wealth. Assets subject to special statutory attribution are included proportionately in a partner's interest. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6485