Tag Archives: partnerships

Partnerships and Capital Gains Tax

A helpsheet on partnerships and Capital Gains Tax has been published by HMRC, reference HS288. Broadly, partnerships, including a LLP, are transparent for capital gains, so each partners is responsible any gains on the disposal of their share of a … Continue reading

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OTS Says Partnerships to be Better Represented at HMRC

The Office for Tax Simplification (OTS) has issued a report saying HMRC should appoint a head of partnership. In its “Review of Partnerships: Final Report”, January 2015, the OTS says HMRC need a more positive engagement with partnerships, which are … Continue reading

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HMRC Suspicious of Partnerships and LLPs

A report by the Office of Tax Simplification, OTC, highlights HMRC’s suspicions of partnerships and LLPs especially. This is unfair as a partnership is a simple and long-established business model and many professions are pushed into operating that way by … Continue reading

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