Partnership Tax - All You Need to Know with Jerroms Miller Specialist Tax

Introduction

This 3 hour live virtual classroom session will provide an understanding of how the UK tax rules apply to partnerships, LLPs, and their partners and members.

It will examine the detail behind some of the more established rules relating to income tax, capital gains tax, and SDLT. It will also explain the key changes that have been made over the past few years, including those which were brought in by Finance Act 2018.

This session is aimed at those who advise and work with partnerships and LLPs. It will be particularly relevant to those who have an outline understanding of the tax treatment of these structures, who need to take their knowledge to the next level and ensure it is up to date.

What You Will Learn

This live and interactive course will cover the following:

Partnerships

• Refresher on types of partnerships?
• ‘Ordinary’ partnerships
• Limited partnerships
• Limited liability partnerships
• The income tax treatment of individual partners
• Allocation of profits
• Allocation of losses
• Capital gains tax and partnerships:
• Statement of Practice D12
• Business Asset Disposal relief
• Mixed partnerships
• Corporate members of partnerships and LLPs
• Anti-avoidance
• Salaried members / disguised employment
• Partnerships and SDLT (Schedule 15 Finance Act 2003)

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.