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11 Jun 10 National Tax Liaison Group (NTLG) Losses and CGT Subcommittee

Mark Molesworth FTIA (BDO Kendalls) and Angie Ananda FTIA are attending the NTLG Losses and CGT Subcommittee meeting today, Friday, 11 June 2010. The issues on the agenda for the meeting include incorporation of law firms, CGT and Losses compliance report, withdrawal of Tax Office products, small business CGT - Loan as an active asset, discount capital gains, CGT event E4 and CGT discounts, application of S.118-145 of the ITAA 1997, additional capital gain under S.115-215(3) of the ITAA 1997 and offsetting carried forward capital losses.

We will provide members with an update of the meeting next week.

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