Tax Consolidation – Tax Losses

Correctly calculating the rate at which tax losses can be used in a consolidated environment is important for calculating taxable income, but also important for making choices as to whether losses should be transferred or cancelled.

Determining if tax losses can be transferred to a consolidated group is an important first step when dealing with losses in a consolidated environment.  The rate at which transferred losses can be used, as determined by the “available fraction”, becomes important for modelling tax payable and correctly calculating taxable income.

We will review the required tests to determine if losses can be transferred, and apply the available fraction calculation to practical examples, highlighting common errors in the process that can give rise to incorrect calculations and expose taxpayers to amended assessments, penalties and interest.

You may also be interested in:

Tax Consolidation – ACA Entry 

Tax Consolidation – ACA Exit

Learning Outcomes:

• Review the tests to be met in order to transfer losses
• Understand the future application of loss tests to transferred losses
• Review the available fraction calculation and adjustments when certain events occur
• Practical application of calculations to a given fact pattern

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