U-turn on Partnership Losses
Hidden away on the HMRC website is a new Business Brief which explains that the new rules will not apply to certain film expenditure.
It seems that the new restrictions still apply to all other partnerships with non active partners. Bearing in mind that this type of relief for film expenditure is due to disappear in a few months is this really a U-Turn?
Date: 7th March, 2007
Articles from this Author
15th December, 2016
The good news part 1: Capital Gains Tax (CGT) rebasing
26th November, 2015
Non Dom update - Autumn Statement
8th July, 2015
Doomed doms? The impact of changes for non doms
7th May, 2015
Holiday Homes in Europe
Contact a Private Client Partner
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole