000			01315cab a2200181 4500
001			L129260
008			050405n2005 000 0 eng u
035			_a(Sirsi) u129260
041			_aeng
100			_aBates, Penny
245			_aUntil death us do part
260			_c2005
490			_aTaxation _v154(3999) 17 March 2005, 596-599(4)
520			_aEvaluates what happens to partnerships in the event of the death of a partner and what protection could be available to the partners and examines the tax consequences and the planning points that should be considered. Considers the automatic dissolution of the affected partnership and the various arrangements available for the remaining partners to buy out the share of the deceased's interest in the partnership. Reviews the principle of partnership assurance, which enables continuing partners to have access to funds to pay the executors for the deceased partner's share of capital and past profits and provides policy options. Discusses the taxation issues relating to death and critical illness. Concludes that professionals should be more active in taking out term assurance and critical illness cover to ensure adequate and tax-efficient provision for their families.
590			_aIKA150405
690			_aMANAGEMENT-BUSINESS MANAGEMENT
942			_n0
999			_c75029 _d75029