Published on 08 May 09
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
Maximising tax benefits can be difficult when times are tough. Maintaining a strong balance sheet and cash-flow will become a significant focus for many businesses. This paper addresses common tax issues encountered when undertaking internal re-structuring, including:
- preserving tax losses and relevant provisions applying to companies and trusts
- debt forgiveness issues in strengthening the balance sheet
- tax implications associated with impairment of assets
- realising losses - revenue vs capital.
Current at 01 June 2009
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