Scott Leonard, partner in the corporate and commercial team, comments on the proposed changes to the taxation of partnerships and LLPs. The proposed changes have prompted considerable debate and raised concerns that, in clamping down on tax avoidance schemes at the more aggressive end of the spectrum, the government may end up also unfairly penalising businesses who have chosen to use the flexibility offered by partnership structures for legitimate commercial purposes.

This article was first published for Economia, August 2013. Click here to view the full article.

The taxation of partnerships the changes ahead - economia - August 2013.pdf