Tax and transparency
Mabey, S.
Tax and transparency - 2001 - Accountancy 127(1291) March 2001, 22-23(2) .
In the first of two articles looks at how limited liability partnerships (LLPs) and their members will be taxed. LLPs will become possible as business vehicles in the UK from 6 April 2001, at the same time that the Limited Liability Partnerships Act 2000 comes into force. Describes how LLPs will be treated as transparent for income tax and CGT purposes. The Inland Revenue has produced advisory notes on the taxation of LLPs available at http://www.inlandrevenue.gov.uk
PROPERTY INVESTMENT
PROPERTY INVESTMENT VEHICLES
LIMITED LIABILITY PARTNERSHIPS
TAX TRANSPARENT INVESTMENT VEHICLES
TRANSPARENCY
CGT
Tax and transparency - 2001 - Accountancy 127(1291) March 2001, 22-23(2) .
In the first of two articles looks at how limited liability partnerships (LLPs) and their members will be taxed. LLPs will become possible as business vehicles in the UK from 6 April 2001, at the same time that the Limited Liability Partnerships Act 2000 comes into force. Describes how LLPs will be treated as transparent for income tax and CGT purposes. The Inland Revenue has produced advisory notes on the taxation of LLPs available at http://www.inlandrevenue.gov.uk
PROPERTY INVESTMENT
PROPERTY INVESTMENT VEHICLES
LIMITED LIABILITY PARTNERSHIPS
TAX TRANSPARENT INVESTMENT VEHICLES
TRANSPARENCY
CGT