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Corporate Joint Ventures

Continuing our series of basic informative articles, Caroline Austin, Tax Partner, and Sue Harrison, Tax Manager, KPMG LLP, look at some of the main tax issues when UK-resident companies merge business interests

 
Continuing our series of basic informative articles Caroline Austin Tax Partner and Sue Harrison Tax Manager KPMG LLP look at some of the main tax issues when UK-resident companies merge business interests
 
There are several possible structures for the joint venture (JV) including a limited liability company a corporate partnership a limited liability partnership and a contractual JV. The limited company is a typical choice and the one we consider in this article.
Merging Business Interests
 
The...

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