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Losses paper


A technical paper examining the tricks and traps of the integrity rules for realised losses, unrealised losses and bad debts, including:

  • continuity of ownership and same business test developments
  • writing off bad debts and the Commissioner’s discretion
  • tax consolidation interactions and modifications
  • recent ATO activity
  • new developments, including loss carryback rules and the low value asset threshold announcement.

Author profile:

Julian Humphrey FTIA has 12 years experience with the KPMG Banking & Finance Tax Practice. He works primarily with international banks and financial services companies operating in Australia providing corporate income tax services. Julian’s areas of expertise includes the taxation of banks and bank branches, the taxation of financial arrangements and retail financial products as well as Australia’s offshore banking regime. He is a regular participant in consultation with Government on Australia’s tax reform proposals affecting Australian financial institutions.
Current at 9 February 2009 Current at 18 May 2009 Click here to expand/collapse more articles by Julian HUMPHREY.


This was presented at 2013 Financial Services Tax Conference .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Topical tax treaty issues for the financial sector

Author(s):  Richard J VANN

Materials from this session:

Emerging regional issues (funds management)

Author(s):  Daryl CHOO,  Brian CHAMBERS

Materials from this session:

Australian Taxation Office audits, risk identification, dispute

Author(s):  Ashley KING,  Andrew MCLOUGHLIN

Materials from this session:

GST and RITCs on trustee services

Author(s):  Amelia O'Rourke,  Bill PACKWOOD

Materials from this session:

New R&D regime in financial services

Author(s):  Jamie MUNDY

Materials from this session:

The promoter penalty regime - How the ATO ia applying it in practice

Author(s):  Bruce COLLINS,  Nathan FIRTH

Materials from this session:

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