Partnerships in firing line as Lib Dems look to close tax 'loophole'

Carmen Reichman
clock

The Liberal Democrats have vowed to close tax loopholes in limited partnership firms and for private equity investors, as part of the party's action to "tackle the remaining deficit fairly".

Speaking at the Lib Dem conference in Glasgow yesterday, chief secretary to the Treasury Danny Alexander (pictured) pledged to continue to target the "wealthy" in its efforts to raise taxes.  He confirmed his party's plans to introduce a mansion tax, restrict pensions tax relief and increase capital gains tax, to "make sure that those who have the most will continue to contribute the most". However, he did not confirm the party is considering raising taxes on those earning more than £50,000, as was suggested by an internal briefing note accidentally sent to journalists. Alexander p...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

CII: Vulnerable client management is 'an opportunity for growth'

CII: Vulnerable client management is 'an opportunity for growth'

Firms can expand potential client bases

Isabel Baxter
clock 07 April 2026 • 2 min read
Common language used by advisers triggers anxiety and distrust among retirees

Common language used by advisers triggers anxiety and distrust among retirees

Product-led communication one of the biggest drivers of mistrust

Laura Purkess
clock 01 April 2026 • 1 min read
Advisers: Are you even taking your own advice?

Advisers: Are you even taking your own advice?

Exploring the expenditure consolidation conversation

Nick Ryan
clock 25 March 2026 • 4 min read