It's different in Scotland - part 3: partnerships
Partnerships remain to be a popular business structure especially within the farming and rural community. When dealing with clients operating on both sides of the Border, it is important to be aware of the differences between partnerships in Scotland and those in the rest of the UK. There is no difference in the tax treatment of partnerships with individual partners being taxed on their share of partnership income and gains.
The views expressed are the author’s and not ICAEW’s.