Partnership Tax for Accountants & Advisors - The Fundamentals

Introduction

This new virtual classroom seminar is designed to provide accountants and tax advisors with a practical understanding of UK partnerships and their tax treatment.

Expert speaker Chris Thorpe will explore how partnerships are structured, the legal framework that governs them, and how income tax and capital gains tax apply under HMRC guidance.

For a more advanced exploration, see Partnership Tax - Beyond the Basics with Jerroms Miller Specialist Tax - Learn Live.

What You Will Learn

This live and interactive session will cover the following:

• What is a partnership - the fundamental principles and how partnerships differ from companies and sole traders
• Different types of partnership - including general partnerships, limited partnerships, and LLPs
• The Partnership Act 1890 - core provisions and how they govern rights and obligations between partners
• Income Tax and CGT treatment (SP D12) - how profits, losses, and gains are allocated and taxed among partners
• Inheritance Tax (IHT) and CGT Reliefs - overview of relevant reliefs available to partnerships and partners

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.