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Tax accounting in a loss situation paper

Published on 06 Nov 08

This paper explores the tax effect accounting and reporting obligations that may be encountered including:

  • what are the requirements of AASB 112?
  • recognition criteria for deferred taxes
  • issues surrounding intention/future expectations on disposals
  • impact of impairment/write downs
  • financial reporting requirements.

Author profiles

Tracey Rens CTA
Photo of author, Tracey RENS Tracey is a partner in Deloitte Sydney’s Business Tax Advisory Practice. She has over 20 years’ experience in providing advice on all major areas of Australian tax including capital gains tax issues relating to acquisitions, divestments and restructures, loss management and integrity issues, capital allowance provisions, repatriation matters, tax consolidation and IFRS. Tracey is a Chartered Tax Advisor of The Tax Institute and Affiliate of the Institute of Chartered Accountants. She is currently the Vice President of The Tax Institute as well as serving on a number of national and NSW committees and has made numerous presentations on corporate and international tax issues over the years. Tracey was also recognized in 2016 by the International Tax Review as one of Australia’s women in tax leaders. - Current at 19 May 2017
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Darren Lee CTA
Darren is a Director with Deloitte Touche Tohmatsu Ltd. - Current at 06 November 2008
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This was presented at Tax in an Uncertain Economy .

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The perspective of the appointed representative

Author(s):  Barry KOGAN

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