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Company losses presentation

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.

Author profile:

Tristan Webb CTA
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 solutions. He acts as media liaison on tax matters and lobbies Treasury on contentious issues. He also writes communications to ensure clients are aware of developing issues. Tristan has worked for the Australian Taxation Office, as a Tax Writer for a leading legal publisher and at both Big 4 and Mid-Tier level within the Chartered Accounting profession. From 2006-10, Tristan worked as a National Tax Training Specialist with the Institute of Chartered Accountants in Australia. Current at 17 July 2015 Click here to expand/collapse more articles by Tristan WEBB.
 
Individual sessions

Company losses

Author(s):  Tristan WEBB

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