Published on 14 Oct 05
by TASMANIAN DIVISION, THE TAX INSTITUTE
The complexity of consolidation remains a critical issue for small business tax practitioners, however advisers are obliged to ensure that their SME clients have information to make informed decisions about consolidation. This paper examines the issues going forward and provides guidance on the steps to undertake in entering the consolidation regime and the lessons learned from those who have elected to consolidate, including:
- what it means after the transition
- CGT events
- tax sharing agreements and risks
- due diligence issues
- planning opportunities
- traps and tips.
Michael is a Director, Corporate Taxation for Horwath Melbourne. He is a multi-skilled senior taxation executive with extensive high level consulting and management expertise. His clients are typically successful private companies or listed entities, usually with overseas operations and with a turnover of under $500 million. Michael will draw on his experience, obtained in blue-chip professional and corporate firms, to discuss the issues to consider when restructuring small and medium businesses, and identify possible solutions.
Current at 26 July 2006 Current at 09 March 2009
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