Bottrell Accountants, Financial Planners & Tax Agents

East Maitland Accountants & Financial Advisors, Newcastle Accountants & Financial Advisors

Professionals ‘misusing’ partnerships of trusts

Professionals ‘misusing’ partnerships of trusts The ATO is reviewing arrangements involving accountants, lawyers and other professionals operating through partnerships of discretionary trusts, and conducting examinations in appropriate cases, to consider whether the transactions are effective at law. The ATO acknowledges that professional practices may “legitimately operate as a partnership of discretionary trusts, but in some […]