Published on 13 Feb 12
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The Federal Government announced improvements to the continuity of ownership test in the 2011/2012 budget. Treasury has released a consultation paper on the proposed changes.
This presentation explores the main proposals for consultation, including:
- the removal of tracing through certain entities
- extending the concessional tracing rules in the modified COT rules
- changes to the loss integrity rules
- other recent developments in the utilisation of losses.
Current at 07 December 2011
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