CPD Hours Level
Masterclass 6 IntermediateInformation
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 masterclass 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 masterclass 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

Book now

Future dates are coming soon.
Please let us know if you wish to be notified.
Prices (ex VAT)
Plan Information
Ticket Information
Group bookings
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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