Supreme Court judgment in Anson - implications for LLC members

02 July 2015

On 1 July 2015 the UK’s Supreme Court released its judgment in the Anson case, concerning the treatment of a Delaware LLC for UK income tax purposes. The Court found that, for UK tax purposes, members of an LLC in the form of that in the Anson case are entitled to the profits of the LLC as they arise.

In this note we summarise the wider implications of this decision for the UK tax treatment of both corporate and individual members of some LLCs.