Published on 27 May 09
by VICTORIAN DIVISION, THE TAX INSTITUTE
This presentation covers the losses issues raised when an entity joins or leaves a consolidated group, including:
do losses transfer into a consolidated group?
how is a transferred loss utilised (as compared with other losses)?
calculating and allocating the joining ACA for a loss company and
calculating the cost base of the shares in a leaving company (including a consideration of whether a loss on a share sale can ever result).
Duncan is a Partner at Blake Dawson. He was previously a Partner in the International Tax Group of a global accounting firm. Duncan served as one of the three private sector representatives on the Federal Government’s Tax Design Review Panel. Current at 05 May 2009
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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