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Contents

Official guidance
Partnership Manual

PM131300 · Limited partnerships

  • PM131310 · Limited partnership: overview
  • PM131320 · Limited partnership: restriction of relief for limited partners
  • PM131330 · Venture Capital/Private Equity and the BVCA agreement
  • PM131340 · Private Fund limited partnerships
  • PM131380 · Distinct legal personality and taxes management provisions
  • PM131390 · Nominee members
  1. Limited partnerships: contents
  2. Nominee members

PM131390 | Nominee members

From HM Revenue & Customs · Partnership Manual

You may come across cases when it is claimed that a person registered as a member of an LP is a nominee for one or other persons. In some instances, it is argued that this person is not taxable on the share of partnership profit allocated to them as he or she is not beneficially entitled to those profits. In such cases it will be necessary to determine who is the member or partner- guidance is at PM131550

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