PARTNERSHIP-TAX

Helen Coward, Guy Bud and Hugh Gunson (Charles Russell Speechlys) examine two decisions that raise interesting points of law relating to remuneration arrangements in partnerships with individual and corporate membership.

Mark Middleditch (Allen & Overy) reviews recent developments affecting the City.

Jackie Wheaton (Moore Stephens) answers a query on the tax considerations when two partnerships merge.

Jackie Wheaton (Moore Stephens) answers a query on the tax consequences of the liquidation of an LLP.

In this month’s briefing, Mark Middleditch (Allen & Overy) provides a round-up of recent tax developments affecting the City, including: the decisions in Sir Fraser Morrison (contingent CGT liability for shareholder-director) and Project Blue (SDLT anti-avoidance); new tax relief for corporate rescues; and the Office of Tax Simplification’s report on partnership taxation.

This year’s Finance Act has made significant changes to the taxation of partnerships with a mix of individual and non-individual members. Howard Murray and Josh Lom (Herbert Smith Freehills) provide your guide to the new rules

Jeanette Zaman and Zoe Andrews write that the recent changes to the partnerships tax rules highlight an increasing trend for loosely drafted, wide-reaching legislation that requires reliance on detailed guidance to identify its actual anti-avoidance targets

Your guide to the key measures from the Budget, provided by Lexis®PSL Tax and Lexis®PSL Private Client.

Mark Baldwin considers the revised guidance on the new ‘salaried member’ rules, released last week by HMRC, that will treat members of an LLP as an employee for tax purposes in certain circumstances

John Whiting explains why partnerships matter and sets out some quick wins on their taxation, as identified by the Office of Tax Simplification