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Tax at the Pier

Published on 28 Nov 2008 | Took place at Hobart Function and Conference Centre, TAS

This event covered some "hot topics":

  • tax and property
  • restructure of professional practices
  • tax consolidation.

Individual sessions

Tax consolidations for corporate groups–“Getting on board”

Author(s):  Ken SPENCE,  Narelle MCBRIDE

While the tax consolidation regime for corporate groups has now been operating for over 6 years, a large number of privately owned groups and their advisors are not totally familiar with how the regime operates in practice.

This paper provides practical direction as to the tax implications of a group electing to consolidate, and how to undertake the associated ‘entry' and ‘exit' calculations.

This paper covers:

  • determining what entities are eligible to join a consolidated group
  • determining how to reset the tax value of assets of an entity that joins a consolidated group
  • reviewing the implications of consolidations on tax losses
  • the implications in respect of pre-CGT intra-group shareholdings and underlying assets
  • addressing the implications when an entity leaves a consolidated group, and
  • key due diligence points relating to the acquisition of companies
  • examples.
Materials from this session: