MasterNuggets with Meng: Problematic Partnerships

Dive deep into partnership tax issues at formation and dissolution including CGT, GST and other important obligations.

In this session, we cover:

• Calculating net income of partnership (s 90 of ITAA36)

• Share of partnership income (s 92 of ITAA36)

• Partnership salaries

  • Rose v FCT (1951)

  • TR 2005/7

• Dissolution/Termination of partnership interest

  • TD 2015/19

• CGT implications during disposal of partnership

  • Maximum net asset value test

  • Small Business CGT concessions

Date recorded: 13 October 2025