Owner-Managed Businesses Guidance

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Partnerships

We have a team of experienced tax professionals in the area of partnerships tax in order that you can provide the latest thinking.
Latest Guidance
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28 Jun 2019

IntroductionThis note details the capital gains tax rules for partners. For the tax on partnership profits, rather than gains, see the Trading profits of a partnership...

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28 Jun 2019

This note explains the general rules surrounding the inheritance tax (IHT) implications of being a partner in an English general partnership. Different rules may apply to...

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28 Jun 2019

IntroductionThis note explains the rules which apply when a partner receives taxed income from his partnership. The Taxed income of a partnership guidance note details...

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28 Jun 2019

This note provides an overview of the legal and taxation issues surrounding Limited Liability Partnerships (LLPs). The various advantages and disadvantages of an LLP...

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28 Jun 2019

The use of service companies alongside partnerships / LLPs has become increasingly popular in recent years. This is largely due to the difference between personal income...

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28 Jun 2019

Targeted anti-avoidance legislation tackles schemes which exploit relief for trading losses from partnerships, which individuals can claim against their other income or...

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28 Jun 2019

This note explains the legal requirements that an LLP must meet in connection with its accounting and auditing requirements and outlines what information must be filed...

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28 Jun 2019

IntroductionThis note explains the interaction between the legislation on capital allowances, and the rules which apply when a partner joins or leaves a...

OMB_tax_img9
28 Jun 2019

This guidance note explains how trading profits are assessed on partners.For a discussion of how untaxed income, taxed income and capital gains are assessed on partners...

OMB_tax_img2
28 Jun 2019

Registering partnershipsWhen a partnership commences, HMRC should be notified as soon as possible.Limited liability partnerships (LLP) and limited partnerships (LP) are...

Latest Guidance
OMB_tax_img5
Owner Managed Business

IntroductionThis note details the capital gains tax rules for partners. For the tax on partnership profits, rather than gains, see the Trading profits of a partnership...

OMB_tax_img8
Owner Managed Business

This note explains the general rules surrounding the inheritance tax (IHT) implications of being a partner in an English general partnership. Different rules may apply to...

OMB_tax_img4
Owner Managed Business

IntroductionThis note explains the rules which apply when a partner receives taxed income from his partnership. The Taxed income of a partnership guidance note details...

OMB_tax_img3
Owner Managed Business

This note provides an overview of the legal and taxation issues surrounding Limited Liability Partnerships (LLPs). The various advantages and disadvantages of an LLP...

OMB_tax_img8
Owner Managed Business

The use of service companies alongside partnerships / LLPs has become increasingly popular in recent years. This is largely due to the difference between personal income...

OMB_tax_img9
Owner Managed Business

Targeted anti-avoidance legislation tackles schemes which exploit relief for trading losses from partnerships, which individuals can claim against their other income or...

OMB_tax_img3
Owner Managed Business

This note explains the legal requirements that an LLP must meet in connection with its accounting and auditing requirements and outlines what information must be filed...

OMB_tax_img2
Owner Managed Business

IntroductionThis note explains the interaction between the legislation on capital allowances, and the rules which apply when a partner joins or leaves a...

OMB_tax_img9
Owner Managed Business

This guidance note explains how trading profits are assessed on partners.For a discussion of how untaxed income, taxed income and capital gains are assessed on partners...

OMB_tax_img2
Owner Managed Business

Registering partnershipsWhen a partnership commences, HMRC should be notified as soon as possible.Limited liability partnerships (LLP) and limited partnerships (LP) are...