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 is a Partner at Blake Dawson. He was previously a Partner in the International Tax Group of a global accounting firm. Duncan served as one of the three private sector representatives on the Federal Government’s Tax Design Review Panel.
- Current at
05 May 2009