Trowers & Hamlins is set to issue a cash call to its fixed-share partners in response to partnership taxation changes brought by HM Revenue & Customs (HMRC).
February 10, 2014 at 09:55 AM
1 minute read
The original version of this story was published on Legalweek
Trowers & Hamlins is set to issue a cash call to its fixed-share partners in response to partnership taxation changes brought by HM Revenue & Customs (HMRC).
The firm plans to ask its fixed-share partners, called “participating partners”, to put in 30% of the fixed portion of their salary. The amount includes a sum of £20,000 that is paid in on entering the partnership.
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