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Leaving a consolidated group — Separation without tears

Published on 01 Oct 07 by "THE TAX SPECIALIST" JOURNAL ARTICLE

A member or subgroup can exit a consolidated group in various circumstances, sometimes unanticipated. The consequences of exit are significant, under the consolidation, CGT and other tax rules. Some of the issues are unclear or are subject to government announcements not yet legislated. In this paper Tony Stolarek reviews the issues and the traps, identifying actions which groups should take, including the need to develop tax positions on unresolved issues, pending legislation or further ATO clarification.

Author profile:

Anthony Stolarek CTA
Tony engages with Australia's federal and state governments, Treasury and Taxation Office on tax policy and tax administration, through the EY Australia Tax Centre for Excellence. In his EY role and membership of the Institute of Chartered Accountants in Australia tax technical committee, he is heavily involved in submissions to government and the ATO on policy proposals, changes in the tax system and improving its administration and interpretation. Tony is an ICAA representative on the ATO National Tax Liaison Committee and various subcommittees and a member of the Law Council of Australia Business Law tax committee. He is also involved in the EY global Tax Policy Services network which has had significant focus on Base Erosion and Profit shifting in the last year. Tony is a member of the Treasury Special Reference Group relating to its scoping paper dealing with the Risks to Sustainability of the Corporate Tax Base. Current at 14 August 2013 Click here to expand/collapse more articles by Tony STOLAREK.
 

This was presented at 3rd Consolidation Symposium: Dealing with Mergers, Acquisitions and Divestments.

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Individual sessions


Buying and selling a company - consolidation due diligence issues and trends: purchaser issues

Author(s):  Grant WARDELL-JOHNSON

Materials from this session:



MEC groups and evolving international tax issues

Author(s):  Peter COLLINS,  Lindsay HANHAM

Materials from this session:

Cost setting rules - the difficult issues

Author(s):  Peter MURRAY,  James TARGETT

Materials from this session:


Consolidation in practice - impact on transactions

Author(s):  Joe NIVEN

Materials from this session:

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