Corporation Tax: Loss relief: no cash contribution to an LLP | Practical Law

Corporation Tax: Loss relief: no cash contribution to an LLP | Practical Law

The Upper Tribunal has rejected a claim by a member of a limited liability partnership to use losses resulting from the limited liability partnership’s trade, where the partner had not made a cash contribution.

Corporation Tax: Loss relief: no cash contribution to an LLP

Practical Law UK Articles 4-610-2095 (Approx. 3 pages)

Corporation Tax: Loss relief: no cash contribution to an LLP

by Norton Rose Fulbright LLP
Published on 30 Apr 2015 • United Kingdom
The Upper Tribunal has rejected a claim by a member of a limited liability partnership to use losses resulting from the limited liability partnership’s trade, where the partner had not made a cash contribution.