Home – New Forums Money matters Partner working under my ABN Reply To: Partner working under my ABN

  • Total posts: 71

Hi Missy,

This touches on a couple of issues.

Merely redistributing income to you to avoid excess tax would give rise to a issue known as constructive receipt. I’m not aware of the exact nature of your business but as a worst case scenario you could be hit with a penalty under Part IVA as an avoidance scheme.

With consideration of the facts and the right structure, this can be avoided. I would recommend you speak to a half savvy accountant. If unavailable, please feel free to get in touch for a free call.