Lee Sharpe compares and contrasts the treatment of limited companies and limited liability partnerships.
The table below takes a bird’s eye view of the approach to taxing companies versus taxing limited liability partnerships (LLPs):
|
Limited companies (Ltd)
Treated as body corporate
Entity subject to corporation tax (at 19%-25%), corporation tax returns, etc. Applies to trading or investment profits or...
…corporation tax on capital gains (at 19%-25%), irrespective of whether residential property |
Limited liability partnerships (LLPs) ;< |
