Published on 05 Nov 04
by THE TAX INSTITUTE
A 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 Draft Taxation Determination TD 2004/D68 Income tax: consolidation: capital gains: does an entity permanently lose its status as an 'originating company', in respect of a deferral event in subsection 170-255(1) of the Income Tax Assessment Act 1997, when the entity becomes a subsidiary member of a consolidated group?
INSTITUTE OF CHARTERED ACCOUNTANTS IN AUSTRALIA
TAXATION INSTITUTE OF AUSTRALIA
CORPORATE TAX ASSOCIATION