While the tax consolidation regime has been in place for some time, its complexities continue to challenge tax practitioners.
The seminar highlighted some of the pitfalls and opportunities that face practitioners and their clients where consolidations are concerned. The day began with an overview of the core consolidation concepts such as tax asset value and losses. Subsequent sessions looked to reinforce and apply these concepts in the context of the impact of tax consolidation in mergers and acquisitions transactions and on undertaking a tax due diligence. The day concluded with a case study highlighting how the gain or loss on sale calculation under the 'exit rules' apply in practice.
This seminar covered tax consolidation from intermediate to high levels, with the complexity of topics building throughout the day.