This webinar will consider the rules and issues around the continuity and commonality requirements for company losses and imputation credits, including practical examples of calculations. We will look at the business continuity test and how the rules work in practice.

We will start with the basic principles of Continuity and Commonality based on voting interests, and the application of the “same or similar” business test, including when and how it works effectively.

We will then consider the application of the continuity and commonality rules in relation to the carry forward of losses and grouping of losses.

Finally, we will touch on the implications of the continuity rules in terms of imputation credits.

Upon satisfactory completion of this activity, you will be able to:

• understand the current continuity and commonality requirements and how the rules can be applied in relation to losses and imputation credits
• apply the same business test in terms of continuity
• advise clients on and manage the use of losses.

Suited to:

This course is suited to anyone in public practice or within a corporate environment where management of losses and imputation credits is a critical knowledge set. This will be a mix of basic/revision and extension to discuss the business continuity rules.

Duration: 1.00 CPD hours (55 mins plus 5 mins Q&A)

PRESENTER

Nola Crafar, Senior Manager, Findex/Crowe
Nola is a Senior Manager for Findex in the Dunedin Tax Team. Nola has been with Findex for over 15 years, where she advises on a wide range of tax matters for clients and other professional advisory firms, including company strcutures and structuring or restructuring opportunities for businesses including relationship property considerations.