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Further restrictions for partnership losses

HMRC have announced further restrictions to the tax relief available for partnership losses. Although applying to all partnerships with non-active partners the new rules are primarily aimed at tax savings devices such as film schemes and technology partnerships.
The announcement on the HMRC website on Friday 2 March 2007 can be found here. This may be an indication that further changes to tackle tax avoidance may be announced in the Budget on 21 March.



Date: 5th March, 2007
Author: Lisa Spearman


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