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Consolidation in Focus: Allocable Cost Amount - Steps 2, 3 & 4

Published on 29 Oct 2003 | Took place at AAR Seminar Room, Melbourne, VIC

These steps involve extremely complex law, often with limited explanatory memoranda and highly complex calculations, and have significant impact on the entry ACA. The presenters covered their understanding of the policy, the words of the law, and practical problems in implementing the law.

Individual sessions

Allocable Cost Amount - Steps 2, 3 & 4

Author(s):  Tony STOLAREK The issues covered in this seminar paper include:
- what liabilities are
- dealing with linked liabilities, and off-balance sheet liabilities
- allowing for present or future tax deductions
- issues relating to intercompany debts
- allowing for unrealised gains and losses
- debt/equity issues
- finance and operating leases
- provision for taxes and deferred tax liabilities
- discharge of liabilities and CGT event L7
- transitional treatment of unfrankable undistributable profits
- profits accruing to a group in a creeping takeover
- intragroup dividends and their impact on step 3
- profits which recoup losses.

Materials from this session: