Partnership Taxation 2018/19

Expert guidance on the planning points and pitfalls to be aware of when considering the taxation of partnerships, including LLPs. The books has a range of examples to illustrate the key points. The appendices include a useful table of the penalties that may apply to partnerships, and an illustration of the main clauses in a partnership agreement that have a taxation effect.

Brought up to date with Finance Act 2018 as well as providing full analysis of the effects of the legislation on partnership taxation (Finance (No.2) Act 2017) concerning:

• Profit sharing arrangements between partners
• Reporting requirements and who is to be treated as the partner in various circumstances

Also includes updates on:

• Partnership returns
• SDLT and partnerships
• Commentary on the use of partnerships in tax avoidance arrangements including how the Accelerated
• Payment Notice regime operates in the context of partnerships.
• Inclusion of cases such as Belcher (existence of partnership between husband and wife); TabrezAkhtar and Badzyan (both on procedural matters); Clavis Liberty 1 LP and Samarkand (both on tax avoidance) and
• Balvinder Rai (regarding partner payment notices).