Partnership interests (and interests in LLCs taxed as partnerships) are capital assets. Gain from the sale of capital assets is capital gain, which for individuals is taxed at preferential rates. Therefore, gain from the sale of a partnership interest must be taxed to individuals at the preferential rates applicable to capital gain. Although seemingly straightforward, there are exceptions. A partnership interest is a capital asset, except when it is not.

Andersen Global establishes tax and legal capabilities in New Zealand through Collaboration Agreements with two Auckland-based firms – law firm Turner Hopkins, and tax and advisory firm Bellingham Wallace. The firms maintain deep connections in the region and will play a pivotal role in driving business and delivering integrated, global solutions to create long-term value for clients.

Andersen Global further unifies its platform in the Middle East as Ramallah-based law firm Sharp and Beyond, a collaborating firm since 2020, adopts the Andersen brand.

Andersen Global announces Bahrain-based Awael, a collaborating firm since 2019, is now a Member Firm of the association, and the latest firm to adopt the Andersen brand, further enhancing the global organization's presence in the Middle East to meet the growing demand for seamless solutions in the region.

Andersen Global continues its expansion in the Nordic market through Collaboration Agreements with Denmark-based law firm Bachmann/Partners, and Finland-based law firm I&O Partners. Building on the capabilities of existing collaborating firms Hellström Law and Unum in Sweden, and Braekhus in Norway, these additions bolster the organization's comprehensive and integrated tax and legal coverage to the region.

Andersen Global advances its African coverage through a Collaboration Agreement with Ghana-basedtax firm LIMA Partners.

On Thursday, June 23, Andersen will host the 2022Family Office Roundtable led by a team of Andersen speakers including Managing Directors Mary Duffy, Carl Fiore, Paige Goepfert, Nicholas Lagoni, Deborah McGee and Director Jacob Seitz. The roundtable will also feature several external speakers from various well noted organizations in the family office space.

Andersen Global continues to solidify its international presence as Andersen in Georgia (formerly Prime Tax LLC) debuts in the Central Asia region. Andersen Global also welcomes member firm MG Law, a Tbilisi-based law firm and collaborating firm since 2020. Together the two member firms will provide a full suite of integrated tax and legal services to clients in Georgia and abroad.

Andersen Global further solidifies its platform in Northern Europe as Taxture, a collaborating firm since 2019, becomes a member of the global organization.