The Commissioner’s Guidelines are all about the types of structures that are permitted for ‘professional practices’, including law firms, from a tax law perspective. The issue of the Guidelines in 2014 and their suspension on 14 December 2017 are just the latest steps in a battle that has been raging for decades between the legal and accounting professions and the Commissioner of Taxation regarding the splitting of income.
Other papers by Anna Wilson
Borrowing by SMSFs (2015)
Cases update for private groups (2016)
The Taxing Issue of Characterisation in Property Developments (2017)
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