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Tax Consolidations: The Building Blocks

Published on 11 Jul 2008 | Took place at Chifley at Lennons, Brisbane, QLD

Aimed at those with introductory or intermediate knowledge of the tax consolidation rules who are wishing to develop their current level of understanding, this seminar presented an excellent opportunity for tax practitioners and corporate tax professionals to revisit and build on their tax consolidation knowledge and learn how the rules can apply in day to day situations.

While the tax consolidation regime has been in place for some time, its complexities continue to challenge tax practitioners. This seminar covered tax consolidation at an intermiediate level. Expert speakers highlighted some of the pitfalls and opportunities that face practitioners and their clients where consolidations are concerned. The event covered: an overview of the core consolidation concepts such as tax asset value and losses; exits from tax consolidated groups; and the impact of tax consolidation in mergers and acquisitions transactions.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Asset tax cost setting and the ACA

Author(s):  Saxon ROSE

This paper covers:

  • the impact of resetting values on tax payable
  • how to calculate the ACA for a group: a step by step guide
  • how is the ACA allocated across individual assets?
  • some practical issues/tips and traps in the process.
Materials from this session:

Losses and consolidated groups

Author(s):  Stephen HOLMES

This paper covers:

  • bringing tax losses into a consolidated group
  • limits on utilising losses in the group
  • carry forward loss tests for consolidation groups.
Materials from this session:

Exiting a consolidated group – The sting in the tail

Author(s):  Hayden BENTLEY

This paper covers:

  • selling assets v subsidiary v the whole group
  • exit calculation steps - accounting and tax collide?
  • some anomalies, swings and roundabouts.
Materials from this session:

Mergers and acquisitions

Author(s):  Michael CHANG

This paper covers:

  • planning for transactions involving tax consolidations
  • tax sharing and funding agreements
  • tax consolidations and PAYG instalments
  • proposed changes to the scrip for scrip rollover rules and tax consolidations.
Materials from this session: