Property partnerships

By Tolley

The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Property partnerships
  • Outline
  • Property partnership or joint ownership
  • Partnership losses
  • Common structures

For income and capital gains tax purposes, partnerships are regarded as being tax transparent ― ie they are not taxed in their own right but instead taxation is applied to the partners.

F(No 2)A 2015, s 24

More on Taxation of property income: