x and y are holding 26% and 74% in LLP. Out of 74% of Y's share, he transfered 30% to new partners P and Q. Wether Capital gain tax attracts on such transer? if yes wether Partner has to pay tax or LLP?
x and y are holding 26% and 74% in LLP. Out of 74% of Y's share, he transfered 30% to new partners P and Q. Wether Capital gain tax attracts on such transer? if yes wether Partner has to pay tax or LLP?