Partnership Taxation 2019/20

Dave Wright, Tax and Accountancy Publisher

August 13, 2019

Partnership Taxation 2019/20 by David Whiscombe of BKL has been updated exclusively for subscribers to Bloomsbury Professional's online tax services.

The following areas have been updated in the light of recent legislative developments:

  • how the significant changes to Entrepreneurs’ Relief will affect companies in partnership (13.1 et al)
  • how the new rules on CGT liability of non-residents applies to foreign partnerships and to non-resident partners in UK partnerships (20.13)
  • is control of a company by an LLP treated as ‘control by a body corporate’ for EMI, EIS and SEIS purposes? (19.3)

This edition also interprets key new case law, which includes:

  • R v Locke [2018] EWHC 1967, re interest relief paid on loans used to provide money to a partnership (3.13)
  • Leverington v HMRC [2018] UKFTT 540 (TC), re the validity of a partnership notice to file (21.2)
  • Altus Group v Baker Tilly [2015] EWHC 411 (Ch), re deductibility of payments from one LLP to another (2.6)
  • Clyde & Co LLP v Bates van Winkelhof [2014] UKSC 32, re LLP members as ‘limb (b)’ workers (1.35)
  • Kenroy Coke v HMRC [2018] UKFTT 602 (TC), re whether a partnership existed (1.23)