OrbitaxATO Issues Taxpayer Alert on Multiple Entry Consolidated Groups Avoiding CGT
|Approved Changes|Australia
The Australian Taxation Office has announced the issuance of Taxpayer Alert (TA) 2020/4 on multiple entry consolidated groups avoiding capital gains tax.
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Description
We are currently reviewing arrangements which appear to be designed to avoid the inclusion of capital gains in the assessable income of Australian-resident entities upon the disposal of their assets (underlying assets).
T…
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