Tax Consolidations 101

Learn the basics of tax consolidations, including eligibility, implications for head & subsidiaries, calculating the ACA & more.

In this session, we cover:

• Background

  • ATO focus areas

  • Should you create a tax consolidated group?

• Who can elect to form a tax consolidated group?

  • Requirements

  • Consolidatable groups

  • Single entity rule

  • Inherited history rules

• Resetting the tax cost base of assets

  • Step-by-step work-through of ACA (Entry)

  • Capital gains/losses implications

• Resetting the tax cost base of membership interests

  • Step-by-step work-through of ACA (Exit)

• Practical examples of when to and not to consolidate

  • When to consolidate?

  • When not to consolidate?

Date recorded: 15 April 2025