Tax Insider Tip: LLPs – Where Are We Now?
Limited liability partnerships have previously been seen as ‘the best thing since sliced bread’ in tax planning terms, before a HMRC clampdown in recent years.
For those who are unfamiliar with the concept, an LLP, or limited liability partnership, is a relatively new form of corporate vehicle, which is a kind of hybrid between a limited company and a partnership.
In November's issue of 'Tax Insider’, Alan Pink looks at what remains in terms of tax benefits from using them.
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