The tribunal has issued its decision in Ingenious Film Partners 2 LLP. Gideon Sanitt (Macfarlanes) reviews the consequences of that decision for investors.
Jackie Wheaton (Moore Stephens) answers a query on the tax considerations when two partnerships merge.
Andrew Levene (BKL) sets out the tax issues on different options for structuring the purchase of freehold property
The decision of the Upper Tribunal in Eclipse confirmed that the film partnership in that case was not trading. As Chris Bates and Judy Harrison explain, the decision is also important for what it tells us about the Upper Tribunal’s ability to hear appeals.
Paul Rutherford analyses a recent case in which the FTT dissected the partnership's business into trading and non-trading activities.