Generally, using an SLP should not raise major tax issues in the UK,
since specific
legislation has been enacted to preserve
equality of treatment betweenScotland and England in respect of, for example, computation of partnership profits (Income and Corporation Taxes Act [ICTA] 1988, section 111 [1]-RRB-; capital gains (TCGA 1992, section 59 [1][a]-RRB-; relevant investments (Income Tax Act [ITA] 2007, section 856); and accrued income [ITA 2007, section 675 [3]-RRB-.