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For Australia tax law (a) If a husband and wife own many investments jointly are they in a partnership even though they are not conducting
For Australia tax law
(a) If a husband and wife own many investments jointly are they in a partnership even though they are not conducting a business but instead are acting as passive investors? Are they required to lodge a partnership tax return? (10 marks)
(b) Explain how the net income of a partnership is calculated under s90 ITAA36. (5 marks)
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