Owner-Managed Businesses Guidance

About

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
OMB_tax_img4
28 Jun 2019

IntroductionThis note explains what is taxed income for a partnership. How this income is allocated and taxed on the partners are discussed in the Allocation of...

OMB_tax_img5
28 Jun 2019

IntroductionThis note explains how untaxed income received by a partner from his partnership is taxed. The Untaxed income of a partnership guidance note details what...

OMB_tax_img
28 Jun 2019

This note explains the general rules that apply on the transfer of a general partnership to an LLP. Both commercial and taxation aspects need to be considered. For...

OMB_tax_img9
28 Jun 2019

IntroductionPartnerships established in the UK are one of four types:•general partnerships•limited partnerships•limited liability partnerships (LLPs)•Scottish...

OMB_tax_img6
28 Jun 2019

IntroductionThis note explains what is untaxed income for a partnership. How this income is allocated and taxed on the partners are discussed in the Allocation of...

OMB_tax_img2
27 Jun 2019

A number of anti-avoidance provisions may be relevant in the context of partnership planning, in particular, when introducing service companies or corporate partners....

OMB_tax_img8
27 Jun 2019

Where a partner either retires from partnership or there is a permanent cessation of a partnership’s business, special ‘terminal’ loss relief rules apply. The rules also...

OMB_tax_img7
27 Jun 2019

This note explains the legal implications and requirements in respect of being a member of a limited liability partnership (LLP) and provides guidance on the issues...

OMB_tax_img8
27 Jun 2019

IntroductionThis note explains the rules for allocating income, other than capital gains, between partners. For the allocation of capital gains, see the Basic rules for...

OMB_tax_img5
27 Jun 2019

New partners and commencement of partnershipIf the partnership makes a loss and consequently a loss is allocated to a new partner, then special rules apply if the partner...

Latest Guidance
OMB_tax_img4
Owner Managed Business

IntroductionThis note explains what is taxed income for a partnership. How this income is allocated and taxed on the partners are discussed in the Allocation of...

OMB_tax_img5
Owner Managed Business

IntroductionThis note explains how untaxed income received by a partner from his partnership is taxed. The Untaxed income of a partnership guidance note details what...

OMB_tax_img
Owner Managed Business

This note explains the general rules that apply on the transfer of a general partnership to an LLP. Both commercial and taxation aspects need to be considered. For...

OMB_tax_img9
Owner Managed Business

IntroductionPartnerships established in the UK are one of four types:•general partnerships•limited partnerships•limited liability partnerships (LLPs)•Scottish...

OMB_tax_img6
Owner Managed Business

IntroductionThis note explains what is untaxed income for a partnership. How this income is allocated and taxed on the partners are discussed in the Allocation of...

OMB_tax_img2
Owner Managed Business

A number of anti-avoidance provisions may be relevant in the context of partnership planning, in particular, when introducing service companies or corporate partners....

OMB_tax_img8
Owner Managed Business

Where a partner either retires from partnership or there is a permanent cessation of a partnership’s business, special ‘terminal’ loss relief rules apply. The rules also...

OMB_tax_img7
Owner Managed Business

This note explains the legal implications and requirements in respect of being a member of a limited liability partnership (LLP) and provides guidance on the issues...

OMB_tax_img8
Owner Managed Business

IntroductionThis note explains the rules for allocating income, other than capital gains, between partners. For the allocation of capital gains, see the Basic rules for...

OMB_tax_img5
Owner Managed Business

New partners and commencement of partnershipIf the partnership makes a loss and consequently a loss is allocated to a new partner, then special rules apply if the partner...