By operation of 96(1.1)(b), which applies notwithstanding any other provision of the Act, "allowances" received by a retired partner from his former firm (KPMG), which were treated under the partnership agreement as an allocation out of profits, had to be treated as partnership income rather than pension income.
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allocation of "retirement allowance" to retired partner of accounting firm was partnership rather than pension income
d7 import status
Drupal 7 entity type
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Drupal 7 entity ID
995112
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Workflow properties
Workflow state