C.V. COMPANIES (LIMITED PARTNERSHIP) - structure - taxes Taxes In case of a closed C.V., no Netherlands taxed would be due on the income of the C.V. as long as the C.V. is properly structured. Profits of the C.V. can immediately be reinvested. Furthermore, the local limited partner and the general partner can defer receipt of their partnership’s income as long as they desire. There are no Netherlands inheritance taxes due in the event of death of the local limited partner, being an individual. In the partnership agreement it can be determined that in case of decease of the limited partner, the C.V. is either dissolved and the assets are distributed to the partners in conformity with the provisions in the partnership agreement, or the assets pertaining to the C.V. are being maintained for persons to be denominated in the deed (the new limited partner(s)). U.S. inheritance taxes can also be avoided.