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Tax changes and court judgements take shine off LLPs
Is it time to hedge your bets in the UK with LLP structures, Luke Clancy asks Jane Amphlett of HowardKennedyFsi
![Jane Amphlett Jane Amphlett](/sites/default/files/styles/landscape_750_463/public/import/IMG/015/302015/jane-amphlett-howardkennedyfsi-580x358.jpg.webp?itok=rEdrncGm)
Fund managers were some of the most enthusiastic adopters of the limited liability partnership (LLP) model, which was introduced in the UK in 2001. LLPs combine the flexibility of a partnership with the advantage of limited liability, and have benefited from a beneficial tax regime for members. But have recent developments reduced their appeal?
What have been the benefits of the LLP structure?
Prior to April 2014 there was a presumption, for tax purposes, that LLP members were self-employed. Self
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