Does the merger of two (or more) Partnerships lead to 1) the creation of a new Partnership and HMRC must be informed and UTR issed etc etc or 2) the decision to use one of the existing partnerships details (Vat No, UTR etc)
Thanks
DrM
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as always..it depends
What are the facts?
Is one of the existing partnerships being continued, with the new partners becoming partners in it?
Or are all the partnerships ceasing and new one being formed?
Some one has to decide and then the tax treatment will follow.
In making the decision you need to consider the various partners' current holdover relief and see what is financially better. Maybe you want to crystalise all holdover relief.
Maybe you need professional advice