Losses 2012

Tax losses: What you need to know before you can recoup

Source: New South Wales

Published Date: 13 Feb 2012

 

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The Federal Government announced improvements to the continuity of ownership test in the 2011/2012 budget. Treasury has released a consultation paper on the proposed changes.

This presentation explores the main proposals for consultation, including:

  • the removal of tracing through certain entities
  • extending the concessional tracing rules in the modified COT rules
  • changes to the loss integrity rules
  • other recent developments in the utilisation of losses.

Individual Session

Tax losses: What you need to know before yo can recoup

Author(s): Muhunthan Kanagaratnam

Details

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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