Miscellaneous 2005

Q&A: Tax consolidation, Div 7A and the Small Business Concessions

Source: Taxation In Australia Journal Article

Published Date: 1 Mar 2005


Ever since tax consolidation came into effect on 1 July 2002, there has been considerable difficulty in applying consolidation principles such as the entry history rule and the single entity rule to existing tax laws. In many cases, the laws were incompatible with each other and led to outcomes that were clearly contrary to what Parliament originally intended. This has lead to a number of Australian Taxation Office rulings, determinations and interpretive decisions. It has also led to a myriad of amendments to the consolidation legislation.

Author Profile
Jerome Tse CTA

Author Profile
Andrew O'Bryan CTA

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Miscellaneous 2005

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