Partnership Tax - A Deep-Dive with Jerroms Miller Specialist Tax

Introduction

Presented by expert speakers Nick Wright and Pete Miller of Jerroms Miller, this seminar will explore how 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 the Finance Act 2018.

Aimed at those who advise and work with partnerships and LLPs, this seminar is ideal for those with 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.

This is a practical session which will include case studies and roundtable discussions.

What You Will Learn

This 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)