Miscellaneous 2007

Consolidations - some tips and traps

Source: New South Wales

Published Date: 24 May 2007

 

This presentation is a non-exhaustive journey through some of the traps embedded in the Consolidations regime and suggestions about dealing with them, including:

  • using a consolidated group as a bid vehicle
  • bad and doubtful debts of a joining entity - a legislative botch-up
  • deferred tax liabilities - complex on joining and double tax on exit
  • over-depreciation adjustment - it can apply again and again and again
  • the unrealised loss rules - three choices, but they’re a Hobson’s choice
  • at what time of the day does a group acquire a new member?
  • accrued liabilities on entry that are recognised later for tax.

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Individual Session

Consolidations - some tips and traps

Author(s): Geoff Lehmann

Details

  • Published By: Geoff Lehmann
  • Published On:24 May 2007
  • Took place at:Hilton Hotel, Sydney

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