Published on 16 May 13
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper is based on a practical case study to show how the consolidation provisions apply to set the tax cost of assets for acquisitions under the rules that apply from 2011.
Some of the issues the case study focus on include:
- treatment of non-CGT assets such as customer relationships
- treatment of rights to future income (RTFI) assets
- implications for amounts that are allocated to goodwill
- treatment of accounting liabilities and the related interaction of the consolidation and TOFA regimes.
Current at 30 May 2013
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Current at 17 October 2011
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