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Published on 27 May 09
by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper covers the losses issues raised when an entity joins or leaves a consolidated group, including:
do losses transfer into a consolidated group?
how is a transferred loss utilised (as compared with other losses)?
calculating and allocating the joining ACA for a loss company and
calculating the cost base of the shares in a leaving company (including a consideration of whether a loss on a share sale can ever result).
Duncan R CBAXTER
Duncan is Head of the National Tax Team at Blake Dawson. He was previously a Partner in the
International Tax Group of a global accounting firm. Earlier this year Duncan served as one of the three private
sector representatives on the Federal Government’s Tax Design Review Panel. Current at 11 March 2009
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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