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Taxation of company losses and bad debts
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).