Latest News

HMRC Consultation on Partnerships: A review of two aspects of tax rules

Scottish Land & Estates has responded to HMRC Consultation on Partnerships: A review of two aspects of the tax rules.  We do not feel that the proposals will have a significant impact on the rural business sector, but are concerned in relation to the uncertainty that will be generated by the proposed new rules in relation to the inclusion of a corporate member in a partnership and the effect on existing arrangements where a mixed partnership is already in place.  We highlight that mixed partnerships can be the most appropriate trading structure for entirely non-tax reasons.  It is also important that succession to rural businesses is not discouraged through uncertainty surrounding the ability to appoint younger members of the business to partnership as junior partners and that the contribution of partners who do not contribute assets to the partnership but do make assets available is recognised.

 

Initiative shows how wildlife management by Scottish landowners delivers many benefits to communities...
Read more

Scottish Land & Estates believes that the debate about the future of rural policy...
Read more

2017 Scottish Rural Business Directory in association with Subaru, Download


Scottish Land & Estates is divided into 5 regions...
Read more

See copies of members’ magazine...
Read more

Non-member?
See 4 free copies...
Read more

No current vacancies
Read more