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

Work from home deductions 2023: important changes
23 January 2023 | Minutes to read: 3

Work from home deductions 2023: important changes

If you perform some or all your work from home and intend to claim a home office...
FBT and the festive season: know your obligations
12 December 2022 | Minutes to read: 3

FBT and the festive season: know your obligations

With the festive season upon us, so too are the Fringe Benefits Tax (FBT) implications associated with...
ATO’s targeted risk programs for private clients and what triggers an audit
24 November 2022 | Minutes to read: 5

ATO’s targeted risk programs for private clients and what triggers an audit

With the CFO’s focus having shifted a great deal over the last decade, particularly during the pandemic,...

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Be Informed

Be Informed is William Buck's regular newsletter, filled with up to date news and relevant advice for individuals and businesses.

Get in touch!