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Tax accounting in a loss situation paper

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Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
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Published on 06 Nov 08

This paper explores the tax effect accounting and reporting obligations that may be encountered including:

  • what are the requirements of AASB 112?
  • recognition criteria for deferred taxes
  • issues surrounding intention/future expectations on disposals
  • impact of impairment/write downs
  • financial reporting requirements.

Author profiles

Tracey Rens CTA-Life
Photo of author, Tracey RENS Tracey is a partner in Deloitte Sydney’s Business Tax Advisory practice. She has over 20 years experience in providing advice on all major areas of Australian tax, including capital gains tax issues relating to acquisitions, divestments and restructures, loss management and integrity issues, capital allowance provisions, repatriation matters, tax consolidation and IFRS. - Current at 29 May 2019
Click here to expand/collapse more articles by Tracey RENS.
Darren Lee CTA
Darren is a Director with Deloitte Touche Tohmatsu Ltd. - Current at 06 November 2008
Click here to expand/collapse more articles by Darren LEE.

 

This was presented at Tax in an Uncertain Economy .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Managing debt rights and obligations – Some key tax issues

Author(s):  Peter MCCULLOUGH

Materials from this session:

Specific dealings with ‘impaired’ debts

Author(s):  Joshua CARDWELL

Materials from this session:

A series of case studies–A company struggling on the brink

Author(s):  Chris KINSELLA,  Gavin MARJORAM

Materials from this session:

GST in an uncertain economy

Author(s):  Ross STITT

Materials from this session:

Tax accounting in a loss situation

Author(s):  Tracey RENS,  Darren LEE

Materials from this session:

Administration, liquidation and receivership–The legal basics

Author(s):  Philip HOSER

Materials from this session:

The perspective of the appointed representative

Author(s):  Barry KOGAN

Materials from this session:

The income tax law background and implications

Author(s):  Jeremy HIRSCHHORN

Materials from this session:

Cashed up and ready to take advantage of opportunities

Author(s):  Muhunthan KANAGARATNAM

Materials from this session:

The increased need for tax risk management in an uncertain economy

Author(s):  David L WILLIAMS,  Chris DOBSON

Materials from this session:

Companies facing insolvency or other difficulties failing to pay taxes

Author(s):  Tim SHERMAN,  David ANDERSON

Materials from this session:

Managing capital structure

Author(s):  Simon JENNER,  Andrew FOSTER

Materials from this session:

Further details about this event:

 

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