Please sign in here using your existing KPMG Account (KPMG Directors’ Toolkit | KPMG Tax Now | KPMG Support).
If you cannot remember your sign in details, or you need assistance, please contact us.
Deductible liabilities in mergers and acquisitions – practical issue from ATO guidance
Catherine Dean, Scott Farrell & Jenny Wong discuss Draft Taxation Determination 2019/D11.
If you are purchasing a business or assets and there are deductible liabilities being assumed by the purchaser, you need to consider the Australian Taxation Office’s (ATO) new draft ruling, TD 2019/D11 released on 30 October 2019.The ATO’s view in TD 2019/D11 confirms that any deductible liabilities that are assumed by the purchaser of an asset, are not included in the CGT cost base of the asset. This latest draft ruling is consistent with the acquisition of subsidiary scenarios under ta...
Sign in below or register now to read the full article
Authors: Catherine Dean, Scott Farrell, Jenny Wong
Published Date: 03 November 2019
KPMG Tax Now is a digital media website that brings together industry-leading tax news, insights and more from our global network of experts.
Stay informed of important policy and legislation changes, and what it means to you and your business.
Subscribe to our KPMG Tax Now platform to receive important updates delivered to your inbox, access to exclusive multi-media content, and invitations to interactive information sessions with KPMG experts.
If you are an existing user please click here
Please sign in here or Register if you don't have an account