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  Losses 2012

Losses update

Source: New South Wales

Published Date: 30 Oct 2012

 

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The ability of companies to preserve and utilise carry forward tax losses continues to present challenges both for taxpayers and Government Revenue.

This paper covers:

  • current status of proposed loss carry back rules and review of loss rules recommended by Business Tax Working Group report on the tax treatment of losses
  • challenges faced by taxpayers in satisfying the “continuity of ownership” and “same business” tests
  • losses in the consolidation context, including transfers of losses to the head company of a consolidated group and available fraction calculations
  • current ATO compliance activity around loss claims.
Author(s)

Individual Session

Losses update

Author(s): Andrew Martin CTA , Kamlee Coorey CTA
Materials from this session:

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