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

Taxing digital assets: the Board of Taxation’s review
30 September 2022 | Minutes to read: 3

Taxing digital assets: the Board of Taxation’s review

As a result of the rapid digitalisation of businesses and economies, transactions involving cryptocurrency and other digital...
R&D Tax Incentive 2022: Are you entitled to a 43.5% or 48.5% refundable R&D tax offset?
19 September 2022 | Minutes to read: 4

R&D Tax Incentive 2022: Are you entitled to a 43.5% or 48.5% refundable R&D tax offset?

We understand the important role that Australia’s refundable R&D tax incentive plays in financing R&D projects for...
Employer obligations and the CFO
16 August 2022 | Minutes to read: 5

Employer obligations and the CFO

In May 2022, the Australian Labor Party (ALP) formed a majority federal government, flagging significant changes aimed...

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