Taxation of partnerships
Issued by
The Tax Institute
The earner has demonstrated an understanding of some of the more complex provisions related to the taxation of partnerships. Earners revisit basic partnership topics and test knowledge around those; Calculate the net income of a partnership in complex scenarios; Calculate the taxable income of a partner in a partnership in complex scenarios; Explain the taxation consequences where a partnership agreement is varied; and apply relevant taxation integrity measures to partners and partnerships.
- Time Hours
- Cost Paid
Skills
- Taxation of Partnerships
Earning Criteria
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Calculate a partnership’s net income or loss in complex scenarios.
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Calculate a partner’s taxable income or loss in complex scenarios.
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Explain the taxation consequences where a partnership arrangement is varied.
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Apply integrity measures that impact how a partner will be taxed on their share of net income from a partnership.
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Earners complete 10 hours of online, self-paced, interactive learning, incorporating interactive examples, knowledge checks, case studies and a comprehensive activity.
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Successful completion of an online, multiple choice assessment.