Applying the new Company Loss Rules

Description

A detailed and practical look at how companies can access tax losses

New rules potentially providing companies with greater access to tax losses have finally been enacted. This session will look at how the rules have changed and what the implications could be for companies that already have carried forward losses and companies that may make losses this year or in the future.

Examining the new law in detail, the session will also contain practical examples illustrating the operation of both the existing continuity of ownership test and the new continuity of business test. Amongst the issues to be covered are the following:

  • A look at the old rules for using company tax losses
  • An examination of what’s changed, specifically:
  • What is the business continuity test?
  • What is the ongoing relevance of the same business test?
  • What factors need to be taken into consideration when deciding if a business is ‘similar’?
  • What planning can clients undertake to ensure ongoing access to company tax losses?
  • Understanding ATO guidance on the new rules

Webinar Learning Outcomes:

Participants will gain an in-depth understanding of how the latest legislative developments and ATO guidance products will impact their corporate clients, how to advise clients and what planning can be done now or in the future to get the best tax outcomes for clients.

Suited to:

Ideal for tax practitioners, accountants and other professionals who deal with corporate clients and their owners.

Presenter Bio:

Mark Chapman is the author of Life and Taxes: A Look At Life Through Tax and has recently edited and updated the second edition of Australian Practical Tax Examples, published in September 2019, both published by Wolters Kluwer CCH Australia.

He has over 25 years experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales.

Since 2015, Mark has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance.  As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director.

You will be provided with:

  • PowerPoint presentation slide deck
  • Supporting documentation
  • Webinar Recording to view multiple times for up to 6 months
  • An opportunity to ask questions to the presenter

  • Webinar Recording
    • PD hours: 1
    Stream this recording multiple times at your convenience.
    • $185.00 incl. GST

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One-Connection-One-Fee

Our webinars operate on a 'one-connection-one-fee' basis so you can have your whole team participate for one cost effective price and claim CPD points.

Recordings

Like the topic but can’t make the time? Register for the Live Session and you’ll receive the Recording regardless! You can watch it as many times as you like for up to 6 months. You will also receive Supporting Documentation.