Partnerships

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Practice notes
Capital gains tax issues on deathSTOP PRESS: The Office of Tax Simplification published its first report on the review of capital gains tax (CGT) on...
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19th May
Practice notes
Creation of trusts—beneficiariesWho may be beneficiariesEvery person who would be capable of owning property if of full age and sound mind may be a...
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19th May
Practice notes
CGT—reliefsFORTHCOMING CHANGE: On 14 July 2020, the Office of Tax Simplification (OTS) published its online survey and a call for evidence to seek...
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19th May
Q&As
When can a mistake in an executed deed be rectified by a manuscript amendment rather than by a deed of rectification?This Q&A explains when it is...
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Produced in partnership with Emma Holland of Stewarts Law 19th May
Precedents
This partial deed of revocation is made on [date] by [donor] of [address].1I granted a Lasting Power of Attorney for [Financial Decisions/Health and...
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19th May
Precedents
This Deed OF REVOCATION is made on [date] by me [name of donor] of [address of donor].This Deed provides:1Revocation...
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19th May
Practice notes
Trustees—removal of trusteesA trustee may be removed against their will in any of the following ways:•under an express power in the trust...
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19th May
Q&As
At what stage and to whom can a Deed of Appropriation take place when selling a second property in an estate?We assume you refer to the situation when...
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19th May
Practice notes
Creation of trusts—blind trustsWhat is a blind trust?A blind trust is a trust that is aimed at preventing conflicts of interest arising. Usually, the...
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Produced in partnership with Michael O’Sullivan of 5 Stone Buildings 19th May
Practice notes
The Cy-près doctrineFORTHCOMING CHANGE: On 22 March 2021, the government published its response  to the Law Commission’s report of 14 September 2017,...
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19th May
Practice notes
Costs and expenses in the Court of ProtectionThere are court fees and disbursements which will be payable by all applicants on making a new...
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19th May
Practice notes
Trustees—self-dealing, unauthorised profits and conflicts of interestThe self-dealing ruleThe self-dealing rule is connected to, but distinct from,...
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19th May
Practice notes
Acceptance in Lieu scheme and other heritage property reliefsSTOP PRESS: HMRC has updated its guidance on calculating the special price in Acceptance...
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19th May
Practice notes
Trustees—power of advancementWhere a beneficiary either:•is a minor (ie under the age of 18) and unmarried or•has attained majority or has married...
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19th May
Practice notes
Cayman Islands STAR trusts—common usesThis Practice Note provides guidance on Cayman Islands STAR trusts. For general information about the Cayman...
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Produced in partnership with Mourant Ozannes and Carey Olsen 19th May
Practice notes
Discretionary trusts—ScotlandWhat is a discretionary trust?A discretionary trust or discretionary settlement is an arrangement created when an...
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Produced in partnership with Peter Murrin of Turcan Connell 19th May

Most recent Partnerships content

Practice notes
Taxation of general partnershipsThis Practice Note is about the tax treatment of a general partnership formed under English law (as opposed to a...
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31st Jul
Practice notes
Taxation of UK LLPsA UK limited liability partnership (LLP) is a body corporate for company law purposes, but is generally taxed as though it were a...
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30th Jul
Practice notes
Taxation of limited partnershipsThis Practice Note considers specific tax provisions relevant only to a limited partnership formed under English law...
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30th Jul
Precedents
Limited partnership agreementThis limited partnership Agreement is made on [insert day and month] 20 [insert year]Parties1[insert name of general...
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30th Jul
Practice notes
Limited partnership agreementsThis Practice Note discusses the provisions of a limited partnership agreement for limited partnerships formed under the...
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30th Jul
Precedents
Partnership agreementThis Partnership Agreement is made on [date]Parties1[Name of partner], of [address]2[Name of partner], of [address]3[Name of...
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30th Jul
Practice notes
Forming a general partnership and continuing obligationsThis Practice Note discusses the conditions that need to be satisfied to form a general...
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30th Jul
Practice notes
The nature of a limited liability partnership and its legal frameworkA limited liability partnership (LLP) is not a partnership but a body corporate...
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30th Jul
Practice notes
General partnership agreementsIt will almost always be advisable for partners to enter into a partnership agreement in order to avoid application of...
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30th Jul
Precedents
Limited liability partnership agreement—generalThis llp Agreement is made on [insert date and month] 20[insert year]Parties1The parties listed in Part...
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30th Jul
Practice notes
Forming a limited liability partnershipCoronavirus (COVID-19): Following the COVID-19 outbreak, some Companies House filing and other administrative...
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30th Jul
Practice notes
Forming a limited partnership and continuing obligationsThis Practice Note discusses the formation of a limited partnership under the Limited...
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30th Jul
Practice notes
Limited liability partnership agreementsIt will almost always be advisable for the partners of a limited liability partnership (LLP) to enter into a...
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30th Jul
Practice notes
The nature of a general partnership and its legal frameworkSources of partnership lawThe main body of law governing a general partnership formed under...
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30th Jul
Practice notes
The nature of a limited partnership and its legal frameworkSources of limited partnership lawThe main body of law governing a limited partnership...
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30th Jul
Q&As
Can land be held on trust for a partnership by a person who has yet to be admitted as a partner?Partnership propertyA partnership will normally be...
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Produced in partnership with Lynne Counsell of 9 Stone Buildings 15th Jul
Q&As
Are there any IHT implications where a testator grants an option to sell land on the death of the survivor of himself and their partner at an agreed...
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6th Jun

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