Published on 08 Jul 05
by QUEENSLAND DIVISION, THE TAX INSTITUTE
This paper covers:
reconsidering 'stick' and loss choices by 31 December 2005
joining and leaving ACA issues - straddles, work in progress, finance leases and valuations
pre-CGT factors - a turn off for SMEs, can it be solved?
problems on exit - Subdivision 165-CD and CGT event L5 and the insolvent subsidiary
the advantages of a consolidated group acquiring a consolidated group
doubtful and bad debts - how the legislation got it wrong
MEC group issues - conversion events, liquidation of ET-1s.
Geoff is a Tax Counsel with PricewaterhouseCoopers. He has been involved in the development of the consolidation provisions as a member of Treasury's Consolidation Joint Design Team. He is a Taxation Institute representative on the Consolidation Subcommittee of the National Tax Liaison Group. Current at 11 April 2007
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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