CPD Hours Level
Seminar 6 IntermediateInformation
Accreditation Information
SRA Competency B


The use in recent years of partnerships in a range of tax avoidance schemes has, perhaps unfairly, raised the profile of all partnerships with HMRC and precipitated a number of legislative changes.

This full-day course aims to equip practitioners with an up-to-date knowledge of the current problem areas and of the tax planning opportunities that still exist in partnership taxation.

What You Will Learn

This course will cover the following:

  • Meaning of Partnership
    • Establishing the existence of a partnership
  • Types of Partnership
    • 1890 partnership
    • Limited Partnership
    • LLP
  • Alternatives
    • Joint ownership
    • Joint ventures
  • Types of Partner
    • 'Full' equity
    • Salaried partners
    • Limited partners
    • Sleeping partners
  • Computation of Partnership Profit
    • Basis periods
    • Trading and non-trading income
    • Partners' personal expenses and other special cases
    • Capital allowances
  • Partnership Losses
    • Restrictions on relief
  • Partnership Returns
    • Relationship with personal returns
    • Enquiries
    • Tax disputes between partners
  • Partnership Changes
    • Commencement and cessation
    • Joining and leaving partners
    • Mergers
  • LLPs and Limited Partnerships
  • Corporate Partnerships
    • Qualifying partnerships
    • Special computational rules
    • Mixed member partnerships
  • Capital Gains Tax
    • Disposals of partnership assets
    • Disposals of partnership interests
    • Entrepreneurs' relief
    • Roll-over and hold-over reliefs
  • Partnerships Involving Family Members
    • Settlement legislation
    • IHT issues
  • IHT and Partnerships
    • Business Property Relief
    • Agricultural Property Relief
    • Partnership Transfers
  • SDLT and Partnerships
    • Property investment partnerships
    • Other partnerships
  • IR35 and Managed Service Company Rules
    • Application to partnerships
  • International Aspects
    • Foreign entities
    • Partnerships trading overseas
    • Non-resident members of UK partnerships
    • Double Taxation Relief issues

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Seminar | 11.12.2017

London | 9:30am - 5:15pm

Partnership Tax - The Problem Areas & Planning Opportunities

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9:30am - 5:15pm
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Discounts are available for multiple places and if you have 5 or more people interested in this course and would like to discuss holding it in your area or on an in-house basis then please email us at information@mblseminars.com
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