shopping_cart

Your shopping cart is empty

Making the most of limited resources in tax due diligence presentation

Published on 26 Oct 06 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

Normally due diligence is carried out where a consolidated group is acquiring another consolidated group or a stand alone entity or group of entities - are you looking at the most significant matters or are the entities being acquired bringing unrecognised problems into the group? This presentation covers topics including:

  • joint and several liability exposure arising from membership of previous consolidated groups - lack of visibility
  • risks from open assessment periods beyond four years
  • latent tax liabilities which could be triggered on acquisition, for example
    • CGT events L3, L5 and J1
    • crystalisation of unrealised gains
  • limitations on availability and utilisation of tax attributes
    • changes in relative market values of group companies
    • impact of gearing on available fraction calculations
    • capital injection and other adjustments
  • structural tax issues for the carry-forward entity arising from historical positions.

Author profile:

Author Photo - Grant WARDELL-JOHNSON
Grant WARDELL-JOHNSON

Click here to expand/collapse more articles by Grant WARDELL-JOHNSON.
 

 

This was presented at Annual Corporate Tax Intensive .

Get a 20% discount when you buy all the items from this event.

Individual sessions





Further details about this event:

 

Copyright Statement