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Corporate Partnerships v Jointly Owned Companies

 
© Reed Elsevier (UK) Ltd 2008
 
 
© Reed Elsevier (UK) Ltd 2008
 
Stephen J Herring Tax Partner and Nick Hostler Tax Manager BDO Stoy Hayward LLP describe the key differences between corporate partnerships and jointly owned companies
 
It is surprising how often in providing taxation advice it is not recent and complex legislation but re-examining well visited tax technical issues which often provides the more challenging considerations. This article considers what should arguably be one of the more straightforward areas of partnership taxation but this does not mean that it is free from technical debate.
 
The article focuses on two alternative UK scenarios the first being a 50:50 'corporate partnership' with neither partner having control the...

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