Nitschke Nancarrow managing partner Kym Nitschke spoke to the Medical Observer about how splitting income could get the Australian Tax Office’s attention.

Kym Nitschke, managing partner of accounting and financial advisory firm Nitschke Nancarrow, says income splitting is relatively common among doctors.

“The issue that the ATO is dealing with here is whether or not income generated by an individual professional practitioner (IPP) can be split with his or her spouse. The ATO is trying to establish, by updating its guidelines, that it can’t be split.”

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