Georgina Polo and her husband have formed a partnership to run the family business. The partnership will only be effective for income tax purposes if:
A) The ATO considers that the partners salaries are reasonable
B) The partnership agreement is in writing and witnessed by a solicitor
C) The partners have contributed an equal amount of funds into the partnership
D) A partnership requires two or more people to enter into a contract to carry on a business in common with a view to profit.
Correct Answer:
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