Policy paper

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.

From:
HM Revenue & Customs
Published
30 October 2024
Last updated
31 October 2024 — See all updates

Documents

Capital Gains on liquidation of a Limited Liability Partnership

HTML

Draft legislation

PDF, 78.4 KB, 1 page

This file may not be suitable for users of assistive technology.

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Draft legislation (accessible version)

HTML

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.

Updates to this page

Published 30 October 2024
Last updated 31 October 2024 + show all updates

  1. Accessible version of draft legislation has been added.

  2. First published.

Sign up for emails or print this page

Related content