Published on 23 Jul 03
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
It is clear that most corporate groups will need to consolidate. The critical decision is when to consolidate and what the implications will be. These case studies concentrate on a cost/benefit analysis of the consolidation decision date and impact on asset values.
Issues covered include:
- when you need to consolidate
- what the critical dates are
- when the transitional concessions run out
- which method - transitional vs ongoing?
- the assets that are affected - goodwill and intangibles, pre CGT assets, retained v reset cost base assets
- what it all means for CGT cost bases, depreciation cost bases and revenue assets
- how to consolidate simple groups of companies.
Scott specialises in providing tax consulting services to SME entities. His area of specialisation is private company loan accounts and taxation of trusts. He has undertaken a number of consolidation assignments in the SME environment and thus can offer practically based knowledge on the application of these rules.
Current at 24 June 2003
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