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Partnership Taxation 2018/19

Partnership Taxation 2018/19

Author: Sarah Laing
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781526507396

Previous Edition ISBN: 9781526503084
Published In: July 2018
Format: Paperback , 384 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

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).

1. Introduction
2. Computation of Income and Gains
3. Taxation of Income and Gains
4. Current Year Basis
5. Partnership Changes
7 Calculation of Tax Payable on Partnership Profits
8. Tax Credits
9. Mergers and Demergers
10. Capital Allowances
11. Losses
12. Joint Ventures and Expense Sharing Arrangements
13. Spouses, Civil Partners, and Family Partnerships
14 Capital Gains
15. Entrepreneurs' Relief and former Taper Relief
16. Annuities to Retired Partners
17. Capital Gains Tax-Roll-over and Hold-over Relief on Replacement of Business Assets
18. Transfer of a Partnership to a Company
19. Partnerships which include a Corporate Partner and Service Companies
20. Limited Partnerships
21. Limited Liability Partnerships
22. Overseas Matters
23. Partnership Tax Returns, Enquiries and Administration
24. Providing for Pensions and Life Assurance
25. Inheritance Tax
26. National Insurance and Stamp Duty Land Tax
27. Value Added Tax
28. Provision for Taxation in Partnership Accounts
29. Partnerships and IR35
30. Construction Industry Partnerships.