Subjects:

Looseleaf Works

Contents:

Partnerships and partners

GB Limited Liability Partnerships (LLPs)

The bases of assessment of profits: an overview

The calculation of tax adjusted profits or loss

The basis of assessment of business profits

Partnership changes

Changes of accounting date and the choice of accounting date

Capital allowances

The division of profits between partners

Other partnership income, partnership charges and national insurance contributions

Losses

The partnership return, partners' self-assessment and tax administration reserving for tax liabilities

Accounting bases, the valuation of work in progress and post-cessation receipts

The taxation of capital gains

Partnership mergers and demergers

Overseas partnership and overseas earning

Relief for overseas taxes

Companies in partnership

Other special types of partner

Venture capital partnerships

Capital provision and interest payments

Provision for retirement

Service and other companies

Incorporation of partnership business

Inheritance tax

Value added tax and stamp duty

The partnership agreement

Appendices

Index.

Ray: Partnership Taxation provides a comprehensive analysis of current legislation and best practice in the challenging area of partnership taxation. This edition juxtaposes the preceding year and current year bases of assessment, and is referenced throughout to the relevant legislation and Revenue Statements of Practice. Written with the authority of nearly twenty years’ practical experience, all aspects of taxation touching partnerships are covered including:-

• the partnership agreement
• mergers and demergers
• VAT and the tax treatment applicable to overseas partnerships
• new personal pension scheme rules
• operation of stamp duty land tax in partnerships
• extensive cross-referencing of the text, with numerous worked examples

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  Release	Date	Part Price
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