Policy paper

Partnerships review: partnerships with mixed membership

Partnerships review: partnerships with mixed membership

Documents

Details

This Tax Information and Impact Note changes will affect mixed membership partnerships where partnership profits are allocated to a non-individual partner in circumstances where an individual member may benefit from those profits. It will also will affect cases where partnership losses are allocated to an individual partner, instead of a non-individual partner, to enable the individual to access certain loss reliefs.

Published 5 December 2013