Miscellaneous 2007

Entry and exit issues for professional practices

Source: Victoria

Published Date: 12 Oct 2007

 

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The admission and retirement of partners from professional practices raise many complex issues. This paper updates on developments in the relevant law and practice focusing on:

  • entry and exit tax issues for partners in professional partnerships
  • how the issues are dealt with at a practical level - common approaches taken in partnerships
  • the law relevant to the issues - McNally.

Individual Session

Entry and exit issues for professional practices

Author(s): Chris Wookey CTA , Damien L Lockie CTA-Life

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