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Calculating ACA Steps: What's the latest? seminar paper
Published on 18 Jul 03 by VICTORIAN DIVISION, THE TAX INSTITUTE
This seminar paper covers the following issues:
- Step 3 franking and transaction
- tax losses
- plant & intangibles
- detailed review of tax aspects
- impact of accounting standards
- possible retrospective impact on ACA
- profits/tax losses 'accruing'.
It focusses on goodwill, liabilities, TLAB 6 and 7, issues register and future legislation.
Author profile
Peter Murray CTA-Life
Peter is the leader of the firm’s Tax Division. Peter was previously a Senior Tax Partner at KPMG, with 30 years’ service.
Peter specialises in tax issues impacting listed and privately owned corporate groups and managing tax disputes.
His specific areas of specialisation include corporate group reorganisations, mergers and acquisition, including domestic, inbound and outbound investment, thin captalisation and debt/equity, capital/revenue characterisation, tax consolidation, repatriation of profits, trusts, application of the general anti-avoidance rules (GAAR), and tax risk management and dispute resolution.
More recently Peter has been advising on the tax implications of investing in cryptocurrencies and initial coin offerings.
Peter has been listed in The Best Lawyers in Australia in tax law every year since 2013. He is also a recommended tax lawyer in Australia and a leading tax lawyer in Victoria in Doyle's Guide to the Legal Profession.
He is a Life Member (CTA) of The Tax Institute, Fellow of the Institute of Chartered Accountants in Australia and New Zealand and Member of the Australian Institute of Company Directors.
Peter is currently a member of the ATO General Anti Avoidance Rule (GAAR) Panel and a past President of The Tax Institute.
(Kathy updated for Tax and Innovation Day)
- Current at
24 August 2018
This was presented at Consolidation Intensive .
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Individual sessions
Mergers and acquisitions - due diligence
Author(s): Tony STOLAREKMaterials from this session:
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Calculating ACA Steps
Author(s): James TARGETTMaterials from this session:
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Valuation in Tax Consolidation Methodologies
Author(s): Geoffrey SHARPE, John JENKINMaterials from this session:
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Capital Allowances and ACA
Author(s): Ronen VEXLERMaterials from this session:
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Treatment of Trusts and Partnerships
Author(s): Adrian O'SHANNESSYMaterials from this session:
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Loss Integrity and Value Shifting Interface
Author(s): Glenn DAVIESMaterials from this session:
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The First Head Company Tax Return & Notifications
Author(s): Peter COAKLEYMaterials from this session:
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Tax Losses: Eligibility, SBT & Available Fractions
Author(s): Richard BUCHANAN, Greg HOWESMaterials from this session:
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Dealing with Joint and Several Liability
Author(s): Justin CHERRINGTONMaterials from this session:
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Update on Critical Technical and Commercial Issues
Author(s): Frank DRENTHMaterials from this session:
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Exiting a Consolidated Group
Author(s): Cameron RIDERMaterials from this session:
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Accounting for Tax Consolidation
Author(s): Kris PEACHMaterials from this session:
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The Single Entity and Entry History Rules
Author(s): Grant CATHROMaterials from this session:
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Multiple Entry Consolidated Groups and their Members
Author(s): Duncan R C BAXTERMaterials from this session:
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