Equivocal changes proposed for corporate loss rules
01 Jun 04 |
KEEPING GOOD COMPANIES
Issue: Vol 56, no 5
Pages: pp. 296-299
For a number of years, the Treasury has been unhappy with the operation of the rules affecting the ability of companies to use revenue and capital losses after a change to the ownership or control of the company. This issue was addressed in a recently released discussion paper, "Loss Recoupment Rules for Companies". This article discusses the proposals mentioned in the paper.
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Michael has been a director of Greenwoods & Freehills Pty Limited since 1998. He joined Greenwoods & Freehills in December 1994, following seven years with various firms. He has responsibility advising on the day to day tax affairs of companies across various industries including construction, property development and finance. His experience covers a wide range of corporate tax issues on matters such as structuring acquisitions, restructuring, overseas investments and tax audit management.
Current at December 2002