• How is a partner in a closely-held corporate limited partnership taken to be a shareholder or associate?

    A partner in a corporate limited partnership is taken to be a shareholder. This means that associates of a partner of a closely-held corporate limited partnership will be treated as associates of a shareholder for the purposes of Division 7A.

    Attention

    All further references in this fact sheet to shareholders include partners in a closely-held corporate limited partnership. All references to a private company or company include closely-held corporate limited partnerships.

    End of attention
      Last modified: 15 Jul 2010QC 23184