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Case studies and suggested solutions: Tax consolidations for SME’s - What have we learned paper?

Published on 16 Oct 09 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

This paper focuses on a number of critical issues that we as taxation professionals are facing when advising SME's on whether or not to consolidate:

  • should we have formed a group already? There are potentially a number of missed opportunities from not doing so
  • tax risks to be considered in structuring a tax consolidated group
  • tax consolidation as a strategy for preparing a group for a management buy-in or preparation to a sale of part of the operations
  • buying and selling assets vs shares from a consolidated group
  • non-tax issues in moving assets around a tax consolidated group for example how effective is asset protection in this situation if a member of the group is subsequently placed in liquidation?
  • CGT events and other tax consequences arising from the exit of companies. Quite often some slightly unexpected results can occur
  • giving an ‘equity' type interest in a company in the group without breaking the consolidated group.

Author profile:

Tim SANDOW

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This was presented at South Australian Tax Intensive .

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Tax consolidations for SME’s - What have we learned?

Author(s):  Tim SANDOW

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