Operating in a Consolidated World Case Study

Published on 11 Mar 04 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

Now that many taxpayers have decided to consolidate for tax purposes the real question becomes 'what now'? There is a new way of thinking required for taxpayers operating as a consolidated group. For example, the whole issue of selling shares or assets has changed. What does operating as a single entity mean for a diverse business with many related party transactions?

This case study focusses on these and other practical issues in a post tax consolidations world.

- Applying the single entity rule
- Buying & selling assets v shares - a new way of thinking
- Consolidating trusts
- Tax sharing arrangements
- Acquisition of tax losses
- Corporate streamlining.

Author profiles

Samuel Howard CTA

Sam is a Partner with Ernst & Young in Adelaide. Sam has over 20 years' experience in tax consulting, providing advice to a range of corporates and SME clients in Adelaide in areas such as transactions, restructuring and tax consolidation as well as general tax advisory services. Sam leads EY Adelaide's Tax Reporting practice which involves providing best practice solutions to large corporates and multi nationals around managing Tax Compliance Reporting. Until recently, Sam was a member of the TTI's State Technical Committee and is a past Chairman of that Committee. - Current at 01 February 2016

More by Sam HOWARD

• From concept to start-up structuring and other tax considerations paper - 05-May-2016
• Consolidations - Opportunities and traps for SME’s paper - 14-April-2011
• Tax consolidation for the generalist – What you really need to know paper - 14-March-2008
• A Consolidation Lifecycle case study - 02-July-2004
• The Consolidation Decision for SMEs - Should I or not? seminar paper - 10-September-2003
• Simplified imputation - 03-October-2002
• Simplified imputation - 29-July-2002
• Franking - Beware of the proposed changes to the Imputation Rules - 07-February-2001
• Small business rollover relief and exemption - 12-March-1999

Click here to expand/collapse more articles by Sam HOWARD.

Gary Martin

Gary commenced his tax career with the ATO, where he worked for 10 years in Adelaide and Canberra. The last four years spent in policy and legislation including 12 months working on the Ralph Review of Business Taxation. Gary then joined Deloitte for five years in Melbourne and Adelaide, specialising in corporate tax and later joined BDO Kendalls in Adelaide where he was a Partner for three years and subsequently National Tax Technical Director. - Current at 25 February 2009

More by Gary MARTIN

• Late breaking tax news paper - 08-May-2009
• Treatment of Tax Losses: Case Studies - 23-July-2003
• Treatment of tax losses - 11-November-2002
• General value shifting: the new rules - 05-September-2002
• General value shifting: the new rules - 04-September-2002
• General value shifting: the new rules - 04-September-2002
• General value shifting: the new rules - 04-September-2002
• General value shifting: the new rules - 13-August-2002

Click here to expand/collapse more articles by Gary MARTIN.