Miscellaneous 2004

Income tax consolidation: Issues arising from the acquisition and disposal of subsidiary companies convention

Source: TAS

Published Date: 10 Sep 2004


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The practical issues arising for vendors and purchasers when selling and buying entities in a consolidated income tax environment are considered in this paper, including:
- implications of the single entity rule on funding and acquisition costs
- implications for sale contracts
- CGT on deconsolidation including traps with CGT Event L5
- anomalies with loss transfers on restructures and partial sell downs.

Individual Session

Consolidation - the next step

Author(s): Paul Abbey , Rob Bentley , Kirsten Arblaster


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Miscellaneous 2004

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