Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Joint venture definition

What does Joint venture mean? In legal practice, a joint venture is a collaborative arrangement in which two or more parties pool assets, finance, IP or know‑how to carry on a specific project or an ongoing business, sharing control, risks, profits and losses (including equity and revenue where an entity is formed). It is a descriptive term rather than one defined by statute across England & Wales, Scotland, Northern Ireland and Ireland, though used in competition, tax and accounting contexts. Structures commonly include: (i) an incorporated joint venture (usually a private company limited by shares) with rights documented in a shareholders’ agreement and...

UK tax implications for cross-border joint ventures: structuring, asset transfers, financing (debt/equity), withholding taxes, CFCs, hybrid mismatches, loss relief, profit extraction and exit

Published by a LexisNexis Tax expert

Practice notes

This Practice Note

This Practice Note examines the principal tax considerations that arise when setting up, managing and winding up an international Joint venture, in addition to those encountered with a domestic UK joint venture...

For guidance on the UK tax aspects of domestic joint ventures, refer to the following Practice Notes:

Tax implications of contractual joint ventures
Tax implications of establishing a joint venture partnership
Tax implications of operating and terminating a joint venture partnership
Tax implications of establishing a joint venture company
Tax implications of operating and terminating a joint venture company

For this Practice Note, an international joint venture is treated as an arrangement where either the joint venture vehicle (if there is one) or at least one joint venture party is not UK tax resident. It is assumed throughout that the joint venture participants are corporate entities...

For information on the corporate aspects of international joint ventures, see Practice Note: Cross-border joint ventures—overview...

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Zoe Feller

Bird & Bird

I am a tax lawyer specialising in corporate, asset finance and structured finance transactions.I have particular strength advising on the tax aspects of international matters, often coordinating teams across multiple jurisdictions.I work with clients setting up in the UK and EU, working seamlessly with colleagues across our network to help clients identify the unique challenges that each jurisdiction presents and putting in place the most effective business model to ensure their brand will thrive.Tax law has changed significantly over the last few years with the emphasis on international coordination to eliminate tax evasion and ensure profits are taxed where they arise through the OECD and G20 nations' BEPS project. I advise clients on the impacts of these changes which have been introduced both at an international and domestic level. The new multilateral instrument has amended double tax treaties and changed the way...

Alexander Beesley

Bird & Bird

I regularly act for clients ranging from entrepreneurs and investors to large multinationals, financial institutions, and corporations across all the firm's sectors, including Energy & Utilities, Financial Services, and Technology & Communications. With clients in these spaces often operating on a multi-jurisdictional level, my advice is usually provided within an international framework.I have a particular focus on assisting clients on M&A and financing deals, corporate structuring and re-structuring, as part of their plans to expand their businesses both in the UK and internationally. My expertise also extends to advising individuals and corporations on employment tax issues, particularly in relation to the IR35 regime....

Web page updated on 22/05/2026

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