Market leading insight for tax experts
View online issue

Partnership Uncertainty

David Nickson Partner and Pete Miller Director Ernst & Young LLP ask if there are too many black holes in the legislation applicable to corporate partnerships
When Darwin noted that a mathematician is 'a blind man in a dark room looking for a black cat which isn't there' he could easily have been talking about UK partnership taxation; there are many gaps in the broad scheme of tax law but this is surely one area where there are far too many unanswered questions! Although there are numerous general tax provisions applicable to partnerships there is very little which is specific. And of the relevant material we find an unacceptably large amount that is extra-statutory — hardly conducive to giving taxpayers the clarity and certainty we all know...
If you are not a subscriber, subscribe now to read this content.
If you are already a subscriber, sign in
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.