Join us for our 2024 FBT and Employment Taxes Webinar on 27 March to know more about the latest changes from the world of tax. Register now.
Australia

The Tax Consolidation Regime has fundamentally altered the tax landscape for corporate groups in Australia. The tax treatment of losses, depreciation deductions, cost bases, franking accounts and inter-company transactions, amongst other areas, have all been impacted upon.

You may be assessing whether you should elect to form a consolidated group, or perhaps you have already consolidated for tax purposes, and you are about to enter into a major transaction. Whatever your circumstances, as a corporate group you need to understand the impact of the tax consolidation regime on your ongoing business and its future direction.

William Buck’s specialist tax team can provide advice on what the regime means for your organisation in terms of income tax compliance requirements and responsibilities, as well as its interaction with the Australian Accounting Standard Equivalents to International Financial Reporting Standards (AIFRS).

We understand that your business is never at a standstill. Whether you plan to restructure, expand or divest, we can provide expert advice on the impact that tax consolidations will have on your commercial plans.

Our tax team prides itself on viewing tax issues from a business perspective. We take time to understand your commercial objectives and restraints and focus on producing the best outcome for your particular situation.

We can provide advice on the following issues:

  • To consolidate or stay outside the regime
  • Restructuring
  • The impact of consolidation
  • The use of losses within a group
  • The Allocable Cost Amount process
  • The impact of inter-group transactions
  • The sale or purpose of major assets
  • Tax sharing and funding agreements

Tax Consolidation​ Specialists

Latest insights from our Tax Consolidation​ team

Australia’s Digital Games Tax Offset
24 January 2024 | Minutes to read: 5

Australia’s Digital Games Tax Offset

Article updated as of 24 Jan 2024 As part of the Australian Government’s Digital Economy Strategy announced...
ATO updates draft ruling on software royalties: What you need to know
19 January 2024 | Minutes to read: 5

ATO updates draft ruling on software royalties: What you need to know

On 17 January 2024, the Australian Tax Office (ATO) released the updated draft tax ruling, TR 2024/D1...
Modernisation of Victoria’s property taxation: commercial & industrial property tax reform
15 December 2023 | Minutes to read: 3

Modernisation of Victoria’s property taxation: commercial & industrial property tax reform

Victorian Treasurer Tim Pallas unveiled additional details regarding the Victorian Government's initiative (announced in the May 2023...