Partnerships

Partnerships guidance:

This Practice Note is about the calculation and use of losses (other than capital losses) made by general partnerships, limited liability partnerships and limited...

Practice Note

This Practice Note is about the capital gains tax and corporation tax on chargeable gains treatment of general partnerships, limited liability partnerships (LLPs) and...

Practice Note

A general partnership is treated, for VAT purposes, as though it were a separate taxable person. This note is about: • the nature of a partnership, and why this may be...

Practice Note

Along with limited partnerships (LPs), limited liability partnerships (LLPs) are used as vehicles for holding UK real estate. This Practice Note examines the direct tax...

Practice Note

Partnerships are often used as vehicles for holding UK real estate. The forms of partnership used are generally limited partnerships (LPs) and limited liability...

Practice Note

This Practice Note gives details of stamp duty land tax (SDLT) anti-avoidance rules and SDLT reliefs which apply specifically to transactions of partnerships. This...

Practice Note

This Practice Note sets out the general treatment of partnerships for stamp duty land tax (SDLT) purposes, including what amounts to a partnership for SDLT purposes and...

Practice Note

This Practice Note explains the special stamp duty land tax (SDLT) rules which apply when an interest in land is transferred from a partnership to a partner or person...

Practice Note

This Practice Note explains the special stamp duty land tax (SDLT) rules which apply when an interest in land is transferred to a partnership from one or more partners or...

Practice Note

This Practice Note sets out the specific stamp duty land tax (SDLT) rules which apply to property investment partnerships (PIPs). It explains the meaning of the term and...

Practice Note

FORTHCOMING CHANGE relating to a corporate capital loss restriction: Finance Bill 2019–20 will introduce a corporate capital loss restriction (CCLR), limiting companies’...

Practice Note

This Practice Note considers the UK tax aspects of the operation and termination of a joint venture operated through a partnership. It is assumed for the purposes of this...

Practice Note

This Practice Note is about the tax treatment of a general partnership formed under English law (as opposed to a limited partnership, a limited liability partnership or a...

Practice Note

This Practice Note considers specific tax provisions relevant only to a limited partnership formed under English law (as opposed to a general partnership, a limited...

Practice Note

A UK limited liability partnership (LLP) is a body corporate for company law purposes, but is generally taxed as though it were a partnership (ie it is tax transparent)....

Practice Note