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Cost setting rules - the difficult issues presentation
Published on 06 Aug 07 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
This presentation covers:
- rights to future income
- consumables
- over depreciation adjustments
- Division 58 assets
- what is a revenue asset?
- CGT events L6 and L7
- application of Subdivision 705-C and 705-D.
Author profiles
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
Jim Targett
James commenced working on consolidation in October 1999 in the Consolidation Centre of Expertise. From January 2001 to December 2002 James worked in the consolidation asset cost setting law design team working directly on the introduction of the first four consolidation Bills. Since January 2003 he has been working on the interpretation of consolidation related issues including the preparation of tax rulings and determinations. - Current at 25 May 2007
This was presented at 3rd Consolidation Symposium: Dealing with Mergers, Acquisitions and Divestments .
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Buying and selling a company - consolidation due diligence issues and trends: purchaser issues
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Buying and selling a company - consolidation due diligence issues and trends: vendor issues
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SMEs - the forgotten lost souls
Author(s): Alexis KOKKINOSMaterials from this session:
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MEC groups and evolving international tax issues
Author(s): Peter COLLINS, Lindsay HANHAMMaterials from this session:
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Cost setting rules - the difficult issues
Author(s): Peter MURRAY, James TARGETTMaterials from this session:
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Cutting consolidation to the core
Author(s): Cameron RIDERMaterials from this session:
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Consolidation in practice - impact on transactions
Author(s): Joe NIVENMaterials from this session:
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