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UK Court OKs Nix Of Partners' Tax Deduction For Amortization

By Law360 Staff ( September 10, 2024, 5:30 PM EDT) -- A lower court was correct in ruling that a trio of U.K. entities that formed a limited liability partnership cannot take a tax deduction for the amortization of intangible assets they contributed to the LLP against their share of the profits, the Upper Tribunal ruled....

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