Company Tax Fundamentals - Taxation of Companies

In Part 2 of the Company Tax Fundamentals series, we cover:

• Recap quizzes from Part 1

• Residency of companies

• Income

• Deductions

• Special rules for certain deductions

  • Bad debts

  • Depreciation

  • Business-related capital costs (section 40-880 blackhole expenditure)

  • Trading stock

• Summary of a company tax reconciliation

• PAYG instalments

• Losses

  • Continuity of ownership test (COT)

  • Business continuity test (BCT) including the same and similar business tests

  • Temporary loss carry-back tax offset

Date recorded: 5 December 2023