UK joint ventures: counterparty tax due diligence checklist (contractual, partnership and corporate structures; groupings; asset transfers; funding; transfer pricing; VAT and SDLT/LBTT/LTT; losses; degrouping; exit)
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Checklists
This checklist presents core tax queries to raise with a joint venture counterparty. The goal is to identify the principal UK tax considerations that could arise for the remaining joint venture participant(s) and/or any joint venture vehicle, with those potential matters highlighted in the list. It is assumed that the parties are UK tax resident corporate entities and that any joint venture vehicle will also be UK tax resident. The following Practice Notes give further detail on the UK tax issues signposted in this checklist and highlighted in this checklist as follows:
- The tax consequences of contractual joint ventures
- The tax consequences of establishing a joint venture partnership
- The tax consequences of operating and terminating a joint venture partnership
- The tax consequences of establishing a joint venture company
- The tax consequences of operating and terminating a joint venture company
- The tax consequences of international joint ventures
- The transfer pricing and joint ventures
- The tax influences on choice of joint venture vehicle
Question for joint venture counterparty
Potential tax issue
Answer/notes
What is the legal form of the counterparty? This will influence the possible overall structure of the joint venture and any resulting UK tax consequences, including group tax charges...
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Web page updated on 20/05/2026
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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...
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