LLPs were introduced in April 2001 and these have steadily become more popular as a vehicle for syndicated property investment. They are 'see-through' vehicles for taxation purposes. This means that the income and gains are directly taxed on the partners at their personal tax rates and that all of tax the advantages of holiday property ownership can be achieved through LLP membership.
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o Investment can be bought or sold without the need to involve the Land Registry or change finance. o No personal liability for partners. o Interest on money borrowed to purchase shares subject to full tax relief. o No stamp duty where the share of the property is below £120k
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