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

Pension sharing on divorce: Why professionals need to step up on PSOs 25 years on

Pension sharing on divorce: Why professionals need to step up on PSOs 25 years on

'Pensions still remain the most routinely overlooked asset in divorce'

Joanna Newton
clock 10 December 2025 • 4 min read
FCA plans to ensure liquidity mismatches do not 'threaten financial stability'

FCA plans to ensure liquidity mismatches do not 'threaten financial stability'

Although good practice exists

Alex Sebastian
clock 09 December 2025 • 2 min read
Bridging the gulf between education and pursuing a career in advice

Bridging the gulf between education and pursuing a career in advice

'There's a pressing need for fresh infusions of young talent into the advice sector'

Steve Nelson
clock 09 December 2025 • 4 min read