Partnerships

Partnerships and LLPs can offer the optimal business structure for a wide range of business sectors and activities; from agriculture to property, professional services to joint ventures. Their flexibility makes them a popular choice amongst businesses and entrepreneurs. They are also subject to very specific tax rules which have become increasing complex in recent years and must be navigated with care.

Our team of specialists apply their knowledge and experience to advise partnerships and support individual partners with their personal finances. We can:

  • Manage the partnership’s tax liabilities to ensure only the correct tax is paid and sufficient tax reserves are maintained for each partner.
  • Advise on the disposal of partnership assets or changes to partnership profit sharing arrangements.
  • Explain partners' individual tax liabilities to them including advising new partners on the opening year rules, and identifying individual tax and financial planning opportunities.
  • Assist with exit strategies for retiring partners, including Capital Gains and Inheritance Tax mitigation.
  • Advise on business structuring.

We will provide you with peace of mind that your tax reporting is accurate and up to date, and we will support you now and in the future by delivering proactive specialist advice so that you can make decisions with confidence.

The plus factor in action

“Coming back to the UK after many years spent living ...

John Bannerman

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Bruce Ferguson – Group Finance Director …

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"AAB have been our accountants for many years. Having AAB ...

A.R. Mathers & Sons

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Niall Webster

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DR

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Anonymous

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Milmor Properties Ltd

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Jon Murphy

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Keith Fletcher

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Coulters Property

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Fraser Louden

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George Sim

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"AAB have proactively managed my tax affairs for more than ...

Peter Lazzari

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Steve Bonsor

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The Commercial Law Practice

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Alex Wiseman

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Peter Williams

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Joanna Robertson

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Offshore Income Assistance

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"When I decided to embark on Inheritance Tax planning, I ...

James Thom

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