This presentation covers:
- what does a partner have?
- asset of the partnership
- consequence of asset being partnership property
- excluding partners having an interest in partnership property
- nature of interest in each asset
- cases in favour of quantification
- cases against quantification
- Section 108-5(2)(d) asset
- when is there a different value to a 108-5(2)(c) asset?
- variation to trading profit
- Section 106-5(1)
- small business concessions.