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
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.