Taxation of company losses and bad debts

Businessman working and using Digital Tablet new business project finance investment at coffee cafe.
Unit details

Level:   Advanced

Estimated learning duration:   10 hours

CPD:   10 hours

Assessment:   20 multiple choice questions within 60 minutes. 75% pass mark.
2 attempts permitted.

Assumed knowledge:   This unit builds on knowledge from Corporate tax fundamentals and Tax consolidation fundamentals units.



Learning outcomes:

  • Explain the choice available to companies in utilising company income tax losses and calculate any cap that may apply to limit the amount of the tax deduction for those losses.
  • Apply the general company tax loss provisions to determine a company's ability to utilise company income tax loss and bad debt deductions.
  • Determine the impact of selected anti-avoidance measures that apply when considering the deduction of income tax losses and bad debts.
  • Determine the income tax consequences of the deemed dividend rules to private companies and their shareholders/associates (for non-complex scenarios).