Partnership Tax Return Made Easy in Perth, Western Australia
Partnerships taxed on a flow through basis are not taxed at the entity level. Any profit or loss flows through to the partners and into their individual tax returns. Partners are taxed at ordinary income tax rates on business profits and at capital gains tax rates on the derivation of capital gains. A partnership is required to lodge a partnership tax return each year by the due date. However, a partnership does not pay tax on its own income. Tax Return Perth is one of the most highly-regarded tax consultants in Perth.
