Published on 11 Oct 12
by VICTORIAN DIVISION, THE TAX INSTITUTE
The government has announced its intention to reform the tax loss provisions. This presentation examines the difficulties of using the current provisions, the proposed reforms and examine areas where further reforms are required.
The presentation covers:
- loss carry backs
- changes to continuity of ownership and same business tests
- what should we do with the integrity rules?
- announced but yet un-enacted measures – Div 167
- the not-so-hidden costs of the proposed reforms.