Allocation of professional firm profits

 Since the Commissioner withdrew his guidance on how to ensure he will not apply the general anti-avoidance rule in Part IVA to the alienation of these profits in late 2017, we have had to advise our clients without certainty as to how much of the profits they must get from their professional firms directly and how much can be distributed to other entities. Many of us have just continued to apply the pre December 2017 rules to new arrangements without an understanding of what is the Commissioner’s position.
 
In a recent draft Guideline, the Commissioner has given us an indication of where he is heading with this issue, and in this hour we will be looking at this draft guideline and its interaction with the Commissioner’s recent draft ruling covering the PSI rules. 

More information:

   Friday 9 July                   Ken Mansell    Slides  
   12:30-1:30pm AEST      Live webinar    Recording 
   1 CPD point      $99 (members) | $132 (standard)      Notes

 

           

Presented by: Ken Mansell

Ken currently works in a part-time capacity for both the Australian and Solomon Island government on tax policy and provides tax and super education for a series of organisations. He has previously worked on the secretariat of the Henry Review and in the office of the Assistant Treasurer as a tax advisor. Ken has also worked in the tax division for both KPMG and Deloitte, as a tax trainer and tax specialist for the Institute of Chartered Accountants in Australia and as the head of taxation for the Seven Network Limited group and Raytheon Australia. Further, he has worked as a legal researcher in both commercial and academic role.


When
9/07/2021 12:30 PM - 9/07/2021 1:30 PM
Where
Online, Australia

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