Published on 01 Jun 09
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The tax consolidation exit rules, which apply when a subsidiary leaves a consolidated group, could be regarded as the “poor cousin” in consolidation. Historically they have received less attention than the provisions dealing with forming or entering a group. This paper considers the application of the exit tax calculations and highlights some anomalies that can catch the unwary. It also looks at alternatives available to a vendor to selling shares in a subsidiary.
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