This presentation covers:
- the single entity rule and what it means for tax reporting
- how the consolidated tax return is prepared
- using your tax losses and available fractions
- what happens when a subsidiary member leaves the group
- how to calculate the Capital Gain or Loss on exit – the “exit ACA”
- potential traps in preparing the exit ACA
- what “clear exit payments” are and how they relate to the TSA
- how parliament’s proposed changes to tax consolidation may impact your clients.