Bringing in a partner

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Bringing in a partner by Mind Map: Bringing in a partner

1. Capital gains tax issues

1.1. Changes in asset ratios

1.2. Assets that have been revalued

1.3. Payments made outside the accounts

1.4. Transfers not at arm's length

1.5. Contribution of an asset

1.6. Reliefs

2. National Insurance contributions

3. Type of partnership

3.1. General or ordinary partnership

3.2. Limited partnership

3.3. Limited liability partnership

4. Types of partner

4.1. Equity partner

4.2. Salaried partner

4.3. Sleeping partner

4.4. Limited partner

4.5. Family members

5. Taxation of income

5.1. Changes in partners

5.2. Corporate partners

5.3. Partners who are not UK resident

6. What makes a partnership?

7. Who can be a partner?

8. Registration / administration

9. Inheritance tax issues

10. VAT issues

11. SDLT issues

12. Relief for interest

13. Anti-avoidance

13.1. Restrictions on loss relief

13.2. Partnerships with mixed members

13.3. Salaried members of LLPs