Abigail Hung

This Practice Note considers the UK tax aspects of the establishment, operation and termination of contractual joint ventures (JVs) between UK tax resident corporate entities. A contractual joint venture is a joint venture created by contract. This Practice Note also considers the issue of ensuring that the contractual JV is not a partnership. This Practice Note is produced in partnership with Arun Birla, Hannah Gray and Abigail Hung of Paul Hastings (Europe) LLP.

This Practice Note considers the UK tax aspects of the establishment of a joint venture operated through a partnership consisting of UK tax resident corporate partners. This Practice Note is produced in partnership with Arun Birla, Hannah Gray and Abigail Hung of Paul Hastings (Europe) LLP.

This Practice Note considers the UK tax aspects of the operation and termination of a joint venture operated through a partnership consisting of UK tax resident corporate partners. It includes consideration of how a joint venture partnership is funded, including the loan relationships issues; how gains are treated when a joint venture partnership disposes of assets, as well as when the partnership terminates. It also covers the stamp duty, SDLT and VAT consequences of bringing a joint venture partnership to an end. This Practice Note is produced in partnership with Arun Birla, Hannah Gray and Abigail Hung of Paul Hastings (Europe) LLP.

This Practice Note considers how the principal UK tax aspects of the establishment, operation and termination of a UK tax resident joint venture may impact on the choice of joint venture structure. This Practice Note is produced in partnership with Arun Birla, Hannah Gray and Abigail Hung of Paul Hastings (Europe) LLP.

This Precedent clause is to be included in a joint venture agreement where the parties wish to deal with a situation where the joint venture company has made a payment gross to a shareholder and it subsequently transpires that the joint venture company should have withheld tax from the payment and therefore owes such tax to HMRC. This clause requires the shareholder to indemnify the company for such costs. This Precedent is produced in partnership with Arun Birla, Hannah Gray and Abigail Hung of Paul Hastings (Europe) LLP.

This Precedent contains some clauses that could be included within a 50/50 joint venture agreement to deal with tax issues, mainly the rights to make consortium relief claims between the joint venture company and the shareholders. This Precedent is produced in partnership with Arun Birla, Hannah Gray and Abigail Hung of Paul Hastings (Europe) LLP.

This Checklist sets out the key tax questions to ask a counterparty to a joint venture, which should flush out the tax issues likely to arise in respect of this JV. The checklist assumes that the parties are UK tax resident corporate entities and that any joint venture vehicle will also be UK tax resident. This Checklist is produced in partnership with Arun Birla, Hannah Gray and Abigail Hung of Paul Hastings (Europe) LLP.