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Published on 12 Oct 07
by VICTORIAN DIVISION, THE TAX INSTITUTE
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.
Chris is a tax consulting director of GMK Centric (formerly Gaddie Metz Kahn), the accounting and
tax services division of Centric Wealth, and has nearly 20 years’ experience in the chartered
accounting profession. Over that time, he has advised many large corporates and international businesses, as well as privately owned groups, in relation to matters ranging from restructures, mergers and acquisitions to financing and profit distribution strategies. A fellow of the Taxation Institute and regular presenter at its continuing professional development seminars, Chris is a chartered accountant and holds the degrees of Bachelor of Business (majoring in accounting and economics) and Master of Taxation. Current at 10 August 2007
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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