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Partnership Taxation 2014/15

Partnership Taxation 2014/15

Author: Sarah Laing
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781780434421
Published In: October 2014
Format: Paperback , 378 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

Partnership Taxation 2014/15 offers a comprehensive treatment of the law and best practice relating to the taxation of partnerships in the UK, including help in ascertaining whether a partnership does in fact exist.

The key changes you need to understand

With significant legislative changes to this area in 2014 following the government clampdown on anti-avoidance, it is essential that all tax practices are equipped with the very latest information.

This updated edition incorporates the results of the major partnerships review and Finance Act 2014 to provide detailed coverage of:

New rules for salaried members of LLPs: How the measures to change the treatment of members, from partners to employees, for both income and corporation tax purposes will affect LLP clients
New rules on mixed membership partnerships: Top tips on advising clients of the most tax-efficient way to run their partnerships and whether restructuring is necessary

All the hot topics in one volume

This popular title also features new content on:

• Changes to the pensions regime and the resultant impact on partnership decisions
• New rules to prevent the disposal of assets or income streams by or through a partnership to secure a tax advantage
• New rules for transferring unused personal allowances from April 2015
• Temporary increase in the annual investment allowance (AIA)
• The Scottish rate of income tax expected to take effect from April 2016

New quick-reference structure

This accessible resource has a user-friendly structure with ‘signposts’ at the beginning of each chapter to summarise key topics and ‘focus points’ throughout to highlight important issues. The commentary is extensively cross-referenced to legislation, case law and HMRC practice, and numerous worked examples have been included to illustrate their practical implications.

Who should buy this book?

Tax practitioners, advisers and accountants for small to medium-sized firms will find this book invaluable in their day-to-day practice. Those studying for the Chartered Tax Accountant (CTA) examination will also benefit from the detailed guidance within this handbook.

1. Introduction
2. Computation of Income and Gains
3. Taxation of Income and Gains
4. Current Year Basis
5. Partnership Changes
6. Change of Accounting Date
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
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
Appendices
Index