The taxation of limited liability partnerships in Jersey

Limited liability partnerships in Jersey are a statutory form of vehicle, established under the Limited Liability Partnerships (Jersey) Law 1997, that have a number of special characteristics, including being subject to a distinctive treatment for the purposes of taxation in Jersey.

Limited liability partnerships in Jersey are unlike limited liability partnerships in many other jurisdictions in that, while having separate legal personality, they have the legal characteristics of partnerships and are not corporate vehicles. The separate legal personality of a Jersey limited liability partnership means that, among other things, notwithstanding that it is a partnership,
contracts are made with the limited liability partnership and, in order to bind it, must be made with the limited liability partnership itself rather than the partners.

Consequently, a limited liability partnership can own property in its own right and name and bears its own debts and liabilities that are met from the property of the limited liability partnership…

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Total partners: 51
Total fee earners: 248