Partnerships and LLPs - Getting the Tax Right

Objectives

1. To make sure that delegates are up-to-date with the key tax rules affecting partnerships and LLPs
2. To highlight tax risk areas for such businesses and how they might be mitigated.

Key topics

• Impact of switch to ‘tax year’ basis of assessment for 2024/25
• Tax planning and compliance when members join or leave
• Partnerships with corporate partners (including impact of corporate partners receiving income from a partnership) and limited partnerships.
• Inheritance tax issues, including protecting business property relief when using LLP structures
• Review of recent cases concerning partnerships

Who should attend

Any professional who advises on tax issues for partnerships and LLPs or who deals with tax compliance for such businesses.