October 31st, 2017 / Insight posted in Articles

TAXATION: Proposed changes to partnership taxation

Andrew Constable comments in TAXATION on the recent changes to the taxation of partnerships that are due to come into force from 2018-19. Besides the income of nominees being shown as that of the beneficiary, allocation of partnership profits is also clarified. While investment partnerships are to continue to provide normal partnership returns, Andrew looks into whether more recommendations by the Office of Tax Simplification could have been legislated.

Please note, subscription required.