Published on 11 Oct 12
by VICTORIAN DIVISION, THE TAX INSTITUTE
Ten years into the consolidation regime, the tax cost setting rules have changed with retrospective effect. There are also changes to the TOFA stages 3 and 4 interaction rules. This paper concentrates on issues of vital importance to corporate taxpayers and their advisers, and covers:
practical issues in dealing with retrospective amendments
what is left to claim: contracts, intangibles and consumables
the business acquisition model and future acquisitions
the TOFA–consolidation interfact
the impacts for SMEs
the Board of Taxation’s post-implementation review.
Richard Czerwik FTI
Richard is an Executive Director with the EY Tax Centre for Excellence. Richard focuses on the identification and analysis of new developments and new issues for the EY tax practice and its clients. He has been heavily involved in business tax reform developments and has participated in various consultation forums with the Treasury, the ATO and professional bodies. He is currently a member of The Tax Institute’s Victorian Education Committee and its National Education Committee. Current at 03 July 2014
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.