Partnership and Corporate Planning Structures
Partnership and Corporate Planning Structures
These structures should be considered by UK Partnerships that wish to combine income tax savings for the Partners, with wealth management planning. This planning can also be considered by all LLP's with profits in excess of £1m. Other benefits that can arise include:
- Incentivisation and retention arrangements for partners can be established on a pre tax basis.
- Reduction and deferral of tax paid by Partnerships on a partial or whole basis.
- Wealth management opportunities created for partners who are either UK or non UK domiciled for tax purposes.
Dominion can also assist successful owner managed businesses that are structured as private companies, to convert to LLP's to enable shareholders and senior employees to benefit from this structure and can, in some circumstances, be regarded as a replacement for EBT's and/or EFRBS as these arrangements were not impacted by recent changes to UK tax legislation relating to disguised remuneration. All plans are developed by Dominion in consultation with leading Tax Counsel.
If you would like to discuss our Partnership and Corporate Planning Structures please speak to a member of our New Business Team.
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