Foundations of Tax 2023-24 - Session 16: Partnership: Preparation of an ITR

On successful completion of this topic, participants should be able to appreciate key tax aspects for a partnership, including:

• Partnership vs JVs
• Mum & Dad Partnerships and the PSI rules
• Assets sales and CGT
• Salaries paid to partners & Interest paid on debts owing to partners
• Issues when a car is bought by a partner through their current account.

This session forms part of the Foundations of Tax series

The Benefits:

These concise sessions have been specifically designed for our online education platform, to ensure that you get an in-depth understanding of the fundamental tax topics in minimal time.