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  Miscellaneous 2003

Life Company - Tax Consolidation Issues seminar

Source: National

Published Date: 27 Feb 2003

 

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A worked example of a group of companies entering the consolidation regime, where the group includes a life company. Issues include:
- The treatment of deferred acquisition costs
- How the cost setting rules apply to:- assets held within the VPST and SEA; assets held within the ordinary business and how the rules differ in respect of participating business
- Contrasting the meaning of 'retained cost base assets' for life companies with non life companies
- How the definitions of 'retained cost base assets' and 'reset cost base assets' reconcile to Division 320 valuation methodologies
Author(s)

Individual Session

Life Company - Tax Consolidation Issues

Author(s): Michael Brown CTA
Materials from this session:

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Details

  • Published By: Michael Brown CTA
  • Published On:27 Feb 2003
  • Took place at:Hyatt Regency, Coolum

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