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Consolidations - some tips and traps presentation

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Published on 24 May 07 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

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.

Author profile

Geoffrey Lehmann
Born to Joy in the harsh Manchester Winter of 77, Dominic has a career that has reached far and wide through Europe, US and Asia PAC. In his role at Atlassian, Dom has responsibilities spanning 7 global R&D centres and is their in house “Team Doctor” helping them achieve scale by being ruthlessly efficient and effective, with one eye on the future. Dom helped pioneer Atlassian’s Team Playbook and has personally run hundreds of sessions with their teams globally. He has previously been the GM Program Management for a global gaming company and a Director of Deloitte. Dom is proud to work at Atlassian, the home of the most intelligent t-shirt wearers in business, as the Work Futurist. A keen traveller, Dom has traversed over 50 countries so far, but after 15 years on these shores, he calls Australia home. - Current at 12 January 2023
Click here to expand/collapse more articles by Geoff LEHMANN.

 

This was presented at Manoeuvring the Maze: Tax Forum .

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