The ATO on Fri 6.12.2013, issued the following IDs:

  • ATO ID 2013/65: Company tax losses: whether company can disregard concessional tracing rules that apply in relation to more than one stake as part of forming the necessary belief for the purposes of the “no detriment” rule; and
  • ATO ID 2013/66: Company tax losses: can a company form the necessary belief, on reasonable grounds, for the purposes of the “no detriment” rule by applying the concessional tracing rules.

[LTN 237, 6/12/13]

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