Farming partnerships: risk of lack of written contracts

A complex series of transactions were central to whether a farming partnership existed in a recent tax tribunal case, raising important questions about ownership structure, explain Julie Butler and Libby James, Butler & Co

Farming is mainly structured through the trading vehicle of the partnership and generally a family farming partnership. However, often nothing is put in writing and there are debates as to whether the partnership ever existed. It is timely therefore to look at a recent tax tribunal case - SC Properties Limited and R Cooke v HMRC [2022] (TC 08537).

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