Tax consolidation fundamentals

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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:   



Learning outcomes:

  • Determine the eligibility of tax entities to form a tax consolidated group in non-complex scenarios.
  • Apply the single entity rule to explain the taxation consequences to entities in a simple tax consolidated group.
  • Apply the tax cost setting rules when an entity joins and leaves a tax consolidated group in non-complex scenarios.
  • Determine whether income tax losses (capital?) of a joining entity can be utilized by a head company in non-complex situation.