Published on 08 Oct 04
by THE TAX INSTITUTE
Joint submission from the Taxation Institute of Australia, The Institute of Chartered Accountants in Australia, CPA Australia, Corporate Tax Association of Australia and Taxpayers Australia regarding TD 2004/57 Income tax: consolidation: life insurance: do sections 705-75 and 705-80 of the Income Tax Assessment Act 1997 apply to a policy liability that has been valued under section 713-520 for the purpose of working out step 2 of the allocable cost amount for a joining entity that is a life insurance company?
INSTITUTE OF CHARTERED ACCOUNTANTS IN AUSTRALIA
TAXATION INSTITUTE OF AUSTRALIA
CORPORATE TAX ASSOCIATION