Partnership Taxation 2014/15 offers a comprehensive treatment of the law and best practice relating to the taxation of partnerships in the UK, including help in ascertaining whether a partnership does in fact exist. The key changes you need to understand With significant legislative changes to this area in 2014 following the government clampdown on anti-avoidance, it is essential that all tax practices are equipped with the very latest information. This updated edition incorporates the results of the major partnerships review and Finance Act 2014 to provide detailed coverage of: * New rules for salaried members of LLPs: How the measures to change the treatment of members, from partners to employees, for both income and corporation tax purposes will affect LLP clients * New rules on mixed membership partnerships: Top tips on advising clients of the most tax-efficient way to run their partnerships and whether restructuring is necessary All the hot topics in one volume This popular title also features new content on: * Changes to the pensions regime and the resultant impact on partnership decisions * New rules to prevent the disposal of assets or income streams by or through a partnership to secure a tax advantage * New rules for transferring unused personal allowances from April 2015 * Temporary increase in the annual investment allowance (AIA) * The Scottish rate of income tax expected to take effect from April 2016 New quick-reference structure This accessible resource has a user-friendly structure with 'signposts' at the beginning of each chapter to summarise key topics and 'focus points' throughout to highlight important issues. The commentary is extensively cross-referenced to legislation, case law and HMRC practice, and numerous worked examples have been included to illustrate their practical implications. Who should buy this book? Tax practitioners, advisers and accountants for small to medium-sized firms will find this book invaluable in their day-to-day practice. Those studying for the Chartered Tax Accountant (CTA) examination will also benefit from the detailed guidance within this handbook. Previous print edition ISBN: 9781780431741