Published on 06 Feb 07
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper is a worked case study of a business undertaking restructuring activities, including the acquisition and sale of another business. It covers the the treatment of certain costs, and critically, the implications these activities can have on a business's entitlement to input tax credits. Topics include:
- are you making a financial supply?
- what is the Financial Acquisitions Threshold (FAT)?
- how do you test it?
- why is it important?