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Leaving entities presentation


This presentation covers:

  • traps in building up the exit cost base
  • calculating the gain, is it capital, revenue, pre-CGT?
  • partial divestments and the issues
  • IFRS and leaving calculations
  • recognising assets and liabilities on leaving.

Author profiles:

Andy Milton
Andy is a member of the Consolidation Centre of Expertise in the Law and Practice Business Line of the Australian Taxation Office. Andy is primarily involved with issues relating to the asset cost setting process on entry and exit from a tax consolidated group. Andy’s role in the Australian Taxation Office also extends to matters associated with the interpretation of accounting standards and their impact on the Australian taxation system. Current at 09 February 2009
Anthony Stolarek CTA
Tony engages with Australia's federal and state governments, Treasury and Taxation Office on tax policy and tax administration, through the EY Australia Tax Centre for Excellence. In his EY role and membership of the Institute of Chartered Accountants in Australia tax technical committee, he is heavily involved in submissions to government and the ATO on policy proposals, changes in the tax system and improving its administration and interpretation. Tony is an ICAA representative on the ATO National Tax Liaison Committee and various subcommittees and a member of the Law Council of Australia Business Law tax committee. He is also involved in the EY global Tax Policy Services network which has had significant focus on Base Erosion and Profit shifting in the last year. Tony is a member of the Treasury Special Reference Group relating to its scoping paper dealing with the Risks to Sustainability of the Corporate Tax Base. Current at 14 August 2013 Click here to expand/collapse more articles by Tony STOLAREK.
Individual sessions

Intra-group transactions - are they now irrelevant?

Author(s):  Ken SPENCE

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Financing implications

Author(s):  Peter COLLINS

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Tax sharing agreements - theory and practice

Author(s):  Matt HAYES

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RITA and NITA - some emerging issues around the new consolidations regime

Author(s):  Alf CAPITO

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Acquisitions and disposals - specific contractual clauses and considerations

Author(s):  Richard HENDRIKS

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Getting the most out of your 'tax cost setting amount'

Author(s):  Hayden SCOTT

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Is there really a calm after the formation storm?

Author(s):  Richard BUCHANAN,  Paul CULIBRK

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Losses: re-evaluating available fraction choices

Author(s):  David ROMANS

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Consolidation: the risk reviews

Author(s):  Peter COAKLEY

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CGT interactions

Author(s):  Grant CATHRO

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Acquisitions: tax structuring and IFRS accounting

Author(s):  Trevor HUGHES

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Valuations: best practice and best defence against disputes

Author(s):  Jim DELANY,  John HOPE

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Consolidation: SME issues

Author(s):  Gordon S COOPER,  Gerald JAWORSKI,  James TARGETT

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The intent of the consolidation regime

Author(s):  Michael D'ASCENZO

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Leaving entities

Author(s):  Andy MILTON,  Tony STOLAREK

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Mining industry tax consolidation issues

Author(s):  Michael MCCORMAK,  Mark MURCHISON,  Anthony PORTAS

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Foreign owned groups

Author(s):  Geoff LEHMANN,  Jenny WONG

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