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 is an Executive Director with the Ernst & Young National Tax Group. Richard focuses on the
identification and analysis of new developments and new issues for the Ernst & Young tax practice and clients. He has been
heavily involved in business tax reform developments and participates in numerous consultation forums with the Treasury
and the Australian Taxation Office, as well as industry and professional bodies and is a current member of the NTLG
Current at 9 February 2009 Current at 14 May 2009
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