Written by the Professional Practices team from Deloitte, Ray: Partnership Taxation continues to provide an excellent, in depth analysis of current legislation and best practice in the challenging area of partnership taxation and is essential reading for accountants, solicitors and others advising professional partnerships. The comprehensive text covers all the key areas including the basic principles of income taxation, the complexities of partnership capital gains, international aspects, partnership mergers, incorporation and loss relief as well as the emerging area of corporate partners within partnerships with mixed corporate and individual partners. The commentary draws on the Deloitte team's practical experience to combine the technical with the pragmatic.


- Loose leaf format updated annually ensuring readers are kept abreast of developments;
- Clear and concise explanation of the subject;
- Worked examples to explain more complex points;
- Extensive referencing to legislation, case law, Statements of Practice and other relevant sources.