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Recorded Webinars

Recorded Webinar: Tax Consolidation: Is One in All in the Right Approach for your Client's Group?

Forming a tax consolidated group can save on costs, however, it could also add to costs. It can have its benefits, however, it could also have its pitfalls. So, how do you know if consolidating a group for tax purposes is a move in the right direction? This session provides some g
PRESENTED BY Nathan Boss Director - Munro Lawyers , Sydney

Date/Time

About the Webinar

Forming a tax consolidated group can save on costs, however, it could also add to costs. It can have its benefits, however, it could also have its pitfalls. So, how do you know if consolidating a group for tax purposes is a move in the right direction? This session provides some guidance, including:

  • The potential benefits and traps with consolidating
  • What are the attributes or circumstances within a group that:
    • are conducive to forming a tax consolidation group?
    • are likely to negate the benefits of forming a tax consolidated group?
  • How to determine whether forming a consolidated group will:
    • trigger a capital gain?
    • increase or decrease the cost base of assets for the head company?
    • be beneficial with utilising tax losses of a subsidiary member?
  • Has the previous use of temporary full expensing impacted on the cost setting process for depreciable assets?
  • How CGT events L1 to L8 apply to a tax consolidation
  • To what extent are the subsidiary members responsible for the income tax payable for the head entity?
  • Using the ATO’s consolidation valuation shortcuts (QC 70610)
  • Case study calculating the following and explaining their use:
    • the tax cost for a joining member’s assets
    • the entry allocable cost amount
    • the tax cost setting amount for retained cost base assets
    • the tax cost for reset cost base assets

Presented By

Nathan Boss
Director, Munro Lawyers Sydney, NSW

Nathan has almost 20 years’ experience in tax, both prior to and following admission as a solicitor in 2007. Prior to joining Munro Lawyers, Nathan was employed as a tax manager with Sovereign Private. Nathan also previously worked within the tax consulting teams at Ernst & Young and Deloitte and as a tax lawyer with Macpherson Kelley Lawyers.

Nathan has significant experience in providing taxation advice and associated legal services to accountants and their clients who are often high net worth individuals, family groups and their businesses.

Nathan’s key areas of practice include:

  • Income tax and CGT;
  • Trusts;
  • Restructuring of family and commercial groups;
  • Business sales and acquisitions;
  • Preparation of private rulings, objections and tribunal matters;
  • Successful resolution of audits with the ATO; and
  • Duty and land tax issues.

Nathan holds a Bachelor of Economics and Bachelor of Laws from the Australian National University. Nathan completed his Masters of Law, specialising in taxation, through the University of Melbourne in April 2017.

Who Should Attend?

This webinar is suitable for accountants advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim up to 1 CPD hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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