OrbitaxUK limited liability partnerships are foreign hybrids
|Approved Changes|Australia
On 26 June 2006, the Income Tax Assessment Amendment Regulations (No. 4) were officially registered. The effect of the Regulations is that limited liability partnerships for the purposes of the Limited Liability Partnerships Act 2000 (UK) satisfy the partnership treatment requirements in Australia's foreign hybrids provisions.
Foreign hybrid provisions allow certa…
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