Limited partnerships - a comparison between England and Jersey/Guernsey
by Ogier & le masurier Stamp duty England: The transfer of partnership interests in an English limited partnership attracts stamp duty at the rate of 4%. Jersey/Guernsey: There is no stamp duty or stamp duty reserve tax payable on the transfer of limited partnership interests. Participation in management England: If a limited partner participates in the management of the limited partnership, it will lose the protection of limited liability. Jersey/Guernsey: The Jersey and Guernsey limited partnerships Laws specifically allow limited partners to take some role in the management o...
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