The use of tax losses in corporate groups and trusts continue to be a key focus of the ATO as well as taxpayers and their advisers.
This seminar detailed recent reforms in the rules dealing with tax losses in corporate groups and trusts, and provided practical guidance on the impact of those reforms.
The topics covered in the seminar were the impact of recent:
- changes to the continuity of ownership and same business loss utilisation tests for corporate groups
- ATO pronouncements on its interpretation of the same business test for consolidated groups
- amendments on the operation of the trust loss rules
- ATO pronouncements on the trust loss rules.