Tax Consolidation – ACA Exit

Correctly calculating the exit allocable cost amount (ACA) and determining accurate tax costs for membership interests when a member leaves the consolidated group is important for capital gains tax purposes.

Whether your clients are large corporates or family businesses, transactions and restructures occur that result in the need to calculate the tax cost of membership interests under the allocable cost amount (ACA) exit process.  Oversights in the process result in errors that may give rise to a risk of amended assessments or errors that understate tax base and therefore overstate resulting capital gains.

We will discuss the exit ACA process as we work through the practical application of the calculation steps with a focus on:

• accessing the terminating value of underlying assets (step 1)
• deferred tax liabilities (step 4)
• deductible liabilities (step 4)
• potential capital gains arising from the calculation itself (event L5)

You may also be interested in:

Tax Consolidation – ACA Entry

Tax Consolidation – Losses

Learning Outcomes:

• Refresh of key concepts relevant to the exit ACA process
• Confirmation and awareness of changes to the law
• Awareness of common errors in calculations
• Practical tips for calculating the ACA

Suited to:

• Firms of all sizes will benefit from this session
• Advisors with limited exit ACA experience will benefit from the overview of the process, whilst those with intermediate levels of experience will benefit from the refresher and practical tips

This On Demand recording Includes: 

• Recording of the Live Webinar, which can be viewed multiple times, for as long as required 
• Presenters contact details for follow up questions 
• CPD Quiz
• CPD Certificate 
• CPD Report – Logged automatically 
• PowerPoint Presentation
• Verbatim Transcript, with Searchability
• Supporting Documentation