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 principal in the tax consulting division of Deloitte Private in Melbourne. He has nearly 30 years' experience in the chartered accounting profession and is a member of The Tax Institute's Victorian State Technical Resource Committee as well as a regular presenter at its events. His experience, centred on issues encountered by private groups, includes advising about the tax treatment of accessing wealth accumulated in various structures such as trusts, superannuation funds and especially companies.
- Current at
15 April 2015
Dr Damien Lockie, FTIA (Life), is a Barrister-at-Law at the
Victorian Bar and an Adjunct Professor of Law at Bond University.
Dual qualified in law and accounting, Damien has over 30 years
experience as a Solicitor, Accountant and advocate specialising in
property and environmental laws and federal and state revenue laws.
- Current at
30 March 2017