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Practice notes
UK Crown Dependency/Overseas Territory Agreements (CDOT)—FAQsWhat are the CDOT agreements?The UK entered into agreements with its three Crown...
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Produced in partnership with Ali Kazimi of Hansuke 19th May
Practice notes
VAT treatment of damages and compensation paymentsFORTHCOMING CHANGE: HMRC is in the process of revising Revenue and Customs Brief 12 (2020) on the...
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19th May
Practice notes
Key tax consequences of an insolvent liquidationThis Practice Note outlines:•the main corporation tax consequences when a UK incorporated company...
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Produced in partnership with Julia Fox of Deloitte LLP and Anthony Davis 19th May
Practice notes
EIS—deferred gain becomes chargeable to CGTCoronavirus (COVID-19): In response to the coronavirus (COVID-19) pandemic, the government introduced a...
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19th May
Practice notes
Property holding structures—SDLT and VAT treatment of a Jersey Property Unit Trust (JPUT)IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the...
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19th May
Practice notes
Corporation tax—connected personsThis Practice Note looks at the meaning of connected persons within sections 1122 and 1123 of the Corporation Tax Act...
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19th May
Practice notes
Property holding structures—direct tax treatment of a Jersey property unit trust (JPUT)STOP PRESS relating to property rich collective investment...
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19th May
Practice notes
Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
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Produced in partnership with Martin Scammell 19th May
Precedents
1 Withholding and grossing up 1.1 All sums payable under this [Agreement] by or on behalf of any party (for the...
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19th May
Practice notes
Section 198 and 199 elections on transactions involving real estateThis Practice Note describes the law and practice relating to elections under...
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Produced in partnership with Martin Wilson 19th May
Practice notes
Loan capital exemption from stamp dutyDebt which:•qualifies as loan capital (whether it is short or long-term debt), and•satisfies further conditions...
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19th May
Practice notes
Capital reduction demergersThe reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are...
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Produced in partnership with Zoe Feller of Bird & Bird 19th May
Q&As
Corporate redomiciliation—can a non-UK company redomicile into the UK?It is possible for a non-UK incorporated company to redomicile to the UK....
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19th May
Practice notes
Why have a tax covenant?It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a...
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19th May
Practice notes
R&D capital allowancesFORTHCOMING CHANGE: At Spring Budget 2021, the government announced a wide-ranging review of research and development (R&D)...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May
Practice notes
Transfer of a trade under common ownershipSometimes the restructuring of a business will involve a company transferring an existing trade to a...
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19th May

Most recent Partnerships content

Q&As
How do the land and buildings transaction tax (LBTT) rules on transfers from partnerships interact with the additional dwelling supplement?The...
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Produced in partnership with Ronnie Brown of Burness Paull 1st Aug
Q&As
Would a limited liability partnership be classified as a company for the purposes of determining connected persons under section 1122 of the...
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1st Aug
Q&As
What are the tax implications where an individual is buying a member’s interest in a limited liability partnership?In answering this Q&A, it has been...
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1st Aug
Q&As
What are the UK tax consequences where a English general or limited partnership converts to a UK limited liability partnership (LLP)?Tax transparencyA...
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1st Aug
Q&As
Can a Limited Liability Partnership be an intermediary for the purposes of the off-payroll IR35 regime?The off-payroll IR35 regime applies to...
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1st Aug
Q&As
Where a discovery amendment has been made to the tax return of a dissolved, trading limited liability partnership under section 30B of the Taxes...
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Produced in partnership with Denis Edwards of Normanton Chambers 1st Aug
Practice notes
Partnerships and capital gainsThis Practice Note is about the capital gains tax and corporation tax on chargeable gains treatment of UK general...
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31st Jul
Practice notes
Partnership lossesThis Practice Note is about the calculation and use of losses (other than capital losses) made by general partnerships, limited...
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31st Jul
Practice notes
SDLT and partnerships—general principles and ordinary transactionsThis Practice Note sets out the general treatment of partnerships for stamp duty...
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Produced in partnership with Kevin Griffin 31st Jul
Practice notes
SDLT and property investment partnershipsThis Practice Note sets out the specific stamp duty land tax (SDLT) rules which apply to property investment...
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Produced in partnership with Kevin Griffin 31st Jul
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
SDLT and partnerships—anti-avoidance and reliefsThis Practice Note gives details of stamp duty land tax (SDLT) anti-avoidance rules and SDLT reliefs...
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Produced in partnership with Kevin Griffin 31st Jul
Practice notes
Partnerships and VATA general partnership is treated, for VAT purposes, as though it were a separate taxable person.This note is about:•the nature of...
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31st Jul
Practice notes
SDLT and partnerships—transfers to a partnershipThis Practice Note explains the special stamp duty land tax (SDLT) rules which apply when an interest...
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31st Jul
Practice notes
Property holding structures—direct tax treatment of a UK limited liability partnershipAlong with limited partnerships (LPs), limited liability...
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Produced in partnership with Charles Goddard of Rosetta Tax 30th Jul
Practice notes
Property holding structures—direct tax treatment of a UK limited partnershipPartnerships are often used as vehicles for holding UK real estate. The...
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Produced in partnership with Charles Goddard of Rosetta Tax 30th 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
Practice notes
Tax implications of operating and terminating a joint venture partnershipThis Practice Note considers the UK tax aspects of the operation and...
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Produced in partnership with Arun Birla of Paul Hastings, Hannah Gray of Paul Hastings and Abigail Hung of Paul Hastings 30th Jul

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