Published on 23 Oct 13
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper explores recent changes and announcements to the tax consolidation rules as they impact financial arrangements and deductible liabilities. In particular it covers:
- the current status of various changes to the consolidation rules announced as part of the 2013-2014 Federal Budget
- the 2012 amendments to the TOFA consolidation interaction provisions
- practical examples to demonstrate the impact of these on transaction values.