Capital Gains: Limited Liability Partnership liquidations
This tax information and impact note is about changes to the taxation of capital gains on assets that have been contributed to a Limited Liability Partnership (LLP) that liquidates.
Documents
Details
This measure makes sure that a member of an Limited Liability Partnership (LLP) that has contributed assets to an LLP that liquidates in favour of the member, or a person connected to them, is taxed on the gains before the assets being contributed to the LLP.