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Joint professional body submission on TD 2005/D50

Published on 30 Nov 05 by THE TAX INSTITUTE

A joint professional body submission in relation to the draft consolidation tax determination TD 2005/D50: consolidation: cost setting: is a joining entity's entitlement to claim a deduction for (or to otherwise deal with) a tax loss an asset for the purposes of section 705-35 of the Income Tax Assessment Act 1997 if:

a) after the tax loss is the subject of a loss transfer agreement entered into after the joining entity became a member of the consolidated group;

b) the loss transfer takes effect prior to that time; and

c) the joining entity is not entitled to a subvention payment?

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NATIONAL INSTITUTE OF ACCOUNTANTS
- Current at 19 November 2004
TAXPAYERS AUSTRALIA INC
- Current at 19 November 2004
TAXATION INSTITUTE OF AUSTRALIA
- Current at 19 November 2004
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ICAA
- Current at 19 November 2004
CPA AUSTRALIA
- Current at 19 November 2004

 

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