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

Federal Budget 2025 | Key theme highlights
25 March 2025 | Minutes to read: 2

Federal Budget 2025 | Key theme highlights

1. Cost of living measures Tax cuts for all taxpayers Further to the tax cuts implemented in...
ATO ramps up focus on family wealth and succession planning
24 March 2025 | Minutes to read: 2

ATO ramps up focus on family wealth and succession planning

The Australian Taxation Office (ATO) recently signalled a significant shift in its focus for 2025, specifically targeting...
Landmark ruling on Division 7A and unpaid trust distributions
21 February 2025 | Minutes to read: 2

Landmark ruling on Division 7A and unpaid trust distributions

On 19 February 2025, the Full Federal Court delivered a significant judgment confirming the Administrative Appeals Tribunal’s...

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