Overview

We have one of the largest and most experienced teams of tax lawyers in the country, renowned for providing straightforward advice on complex partnership tax and tax planning issues.

The team advises existing partnerships on their tax position as well as clients seeking to use partnership structures for specific tax planning reasons.

The taxation of partnerships can involve a mix of income tax, corporation tax, capital gains tax, inheritance tax and stamp duty land tax. Our expert team of lawyers helps clients navigate their way through this maze and decide whether a partnership structure is the right vehicle for them and how they can optimise their tax position.

Areas of focus

Our expertise in partnership tax and tax planning includes the following:

  • Investment partnerships.
  • Profit-extraction.
  • Family limited partnerships.
  • Farm partnerships.
  • Limited partnerships and carried-interest structures.
  • Tax relief.
Experience

Advising Cardiff Bay on an investment partnership on the use of a corporate structure to ensure the partners, which were UK pension funds, received investment income rather than trading profits (trading profits being outside the scope of pension funds' exemption from tax).

Setting up a number of partnership structures for clients of Charterhouse (Accountants) LLP to enable tax-efficient profit-extraction. This has included setting up hybrid partnership between individuals and companies, advice on TUPE and restrictive undertakings, property and other transfer work.

Setting up a number of family limited partnerships.

Advising a family of landowners on the most appropriate way of maximising tax reliefs in order to unlock value in respect of a large area of land which was zoned for redevelopment. Arranging for various partnerships to be altered, terminated and disposals made in accordance with a particular timetable.

Setting up a number of family limited partnerships.

Advising the investment manager of an unregulated property fund on a tax-efficient LLP structure using corporate LLP members. We have advised other trading businesses on implementing similar tax planning.

Advising the nominated partner of a discontinued partnership in respect of a partnership tax dispute, which had been ongoing for a number of years before our involvement and which quickly reached a very satisfactory settlement.

Advising a firm of accountants about the tax implications of a complex double partnership structure, which was required to meet their client's commercial needs in relation to the holding of certain real estate interests.

Acting for the Crown Estate in connection with a shopping centre in Leeds held jointly through a partnership structure.

Meet the team
John Barnett
John Barnett Partner
  • Head of Private Client Services
  • Head of Partnerships
  • Tax
Jim Aveline
Jim Aveline Partner
  • Private Client Services
  • Family Offices and Family Businesses
  • Food and Farming
Tom Hewitt
Tom Hewitt Partner
  • Private Wealth
  • Head of Estates and Land
  • Head of Food and Farming
Nigel Popplewell
Nigel Popplewell Partner
  • Corporate Tax
  • Tax
  • Real Estate Tax