Published on 09 Feb 06
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The passage of Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Bill 2005 will have far reaching implications for many companies with carried forward losses. This presentation explores some of the key issues that should be considered as a result of the new legislation and looks at these measures and their interaction with the existing losses regime, with a particular focus on the smaller end of the market. The main issues discussed in depth are:
- practical application of the new modified continuity of ownership test (COT)
- interaction of the new COT with the same business test
- other amendments made by the above Bill relevant for the SME market
- de-mystifying Subdiv 165-CC.
The emphasis is on the practical aspects of the new legislation with worked examples.
Tristan analyses current tax issues and develops national strategies and intellectual property for Crowe Horwath. This helps the firm’s experts to manage risk, understand emerging issues and develop client solutions. He acts as media liaison on tax matters and lobbies Treasury on contentious issues. Tristan has worked for the ATO, as a tax writer for a leading legal publisher, and at both big four and mid-tier level within the chartered accounting profession. From 2006 to 2010, Tristan worked as a National Tax Training Specialist with the Institute of Chartered Accountants in Australia.
- Current at
12 April 2017