Published on 22 Feb 05
by VICTORIAN DIVISION, THE TAX INSTITUTE
Issues covered in this paper include:
- issues coming out of the losses working party
- transferring losses to the consolidated group and implications for prior year amendments
- revisiting irrevocable elections
- new COT legislation
- SBT and the Commissioner's discussion paper.
This paper was also presented by Geoff Kirk at the Tax Consolidation seminar held in Sydney on 22 February 2005.
Andrew is a Tax Partner with Ernst & Young, working in corporate and international tax. Andrew has worked extensively with corporate groups with significant tax losses. This work has included ATO tax loss audit activity, continuity of ownership testing, same business testing, loss integrity impacts, as well as the impacts of the tax consolidation regime on tax losses when forming a consolidated group or as part of post consolidation M&A activity.
Current at 26 September 2007 Current at 26 September 2007
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