Miscellaneous 2009

Leaving a consolidated group " the sting in the tail

Source: Taxation In Australia Journal Article

Published Date: 1 Jun 2009

The tax consolidation exit rules, which apply when a subsidiary leaves a consolidated group, could be regarded as the “poor cousin” in consolidation. Historically they have received less attention than the provisions dealing with forming or entering a group. This paper considers the application of the exit tax calculations and highlights some anomalies that can catch the unwary. It also looks at alternatives available to a vendor to selling shares in a subsidiary.

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Miscellaneous 2009

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