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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12 Mar 2020

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

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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...

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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....

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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...

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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...

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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...

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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...

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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...

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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...

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28 Jun 2019

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

Latest Guidance
OMB_tax_img3
Owner-Managed Businesses

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_img5
Owner-Managed Businesses

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 Businesses

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 Businesses

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 Businesses

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 Businesses

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 Businesses

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_img2
Owner-Managed Businesses

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 Businesses

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 Businesses

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