Partnership Taxation 2013/14

ISBN-13: 9781780431741 / Angielski / Miękka / 2013 / 368 str.

Sarah Laing

Opis

This popular book offers a comprehensive guide to the law and practice relating to the taxation of partnerships in the UK. It contains a wealth of worked examples and is up-to-date to the UK's Finance Act 2013. It includes numerous worked examples to illustrate the practical effects of the law and extensive cross-references to legislation and case law. Accountants and tax practitioners will find this book essential reading as it covers a range of topics including: calculating income and gains for partnerships * dealing with self-assessment claims and returns * coverage of specific situations - change of accounting date, death, or retirement of a partner and incorporation * examination of the benefits of setting up a limited partnership or a limited liability partnership * Appendices that include useful reference material, including up-to-date UK partnership legislation.

Spis treści

1. Introduction 2. Computation of Income and Gains 3. Taxation of Income and Gains 4. Current Year Basis 5. Partnership Changes 7 Calculation of Tax Payable on Partnership Profits 8. Tax Credits 9. Mergers and Demergers 10. Capital Allowances 11. Losses 12. Joint Ventures and Expense Sharing Arrangements 13. Spouses, Civil Partners, and Family Partnerships 14 Capital Gains 15. Entrepreneurs’ Relief and former Taper Relief 16. Annuities to Retired Partners 17. Capital Gains Tax—Roll-over and Hold-over Relief on Replacement of Business Assets 18. Transfer of a Partnership to a Company 19. Partnerships which include a Corporate Partner and Service Companies 20. Limited Partnerships 21. Limited Liability Partnerships 22 Overseas Matters 23. Partnership Tax Returns, Enquiries and Administration 24. Providing for Pensions and Life Assurance 25. Inheritance Tax 26. National Insurance and Stamp Duty Land Tax 27. Value Added Tax 28. Provision for Taxation in Partnership Accounts 29. Partnerships and IR35 30. Construction Industry Partnerships Appendices 1 Partnership Act 1890 2 Limited Partnerships Act 1907 3 Limited Liability Partnerships Act 2000 4 Partnership Agreement—Main Clauses Having a Taxation Effect 5 Farmers—Profit Averaging, Herd Basis Elections and Extra Statutory Concessions 6 Tax Credits 7 Taper Relief 8 Cases Illustrating the Distinction between Trade and Profession 9 Penalties in Connection with Partnership Matters 10 Inheritance Tax—Business and Agricultural Property Relief 11 Provision of Personal Services through Intermediaries 12 Employment versus Self-employment—IR35 cases