Taxation of company losses and bad debts
Issued by
The Tax Institute
Earners have determined how and when a company may deduct tax losses and bad debts, and calculated the quantum of a deduction for income tax losses. They have applied general company tax loss provisions to determine a company’s ability to use income tax loss and bad debt deductions. Earner's have also identified and explained the impact of selected anti-avoidance measures on the deduction of income tax losses and bad debts, and income tax consequences of deemed dividend rules.
- Type Certification
- Time Hours
- Cost Paid
Skills
Earning Criteria
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Explain the choice available to companies in utilising company income tax losses and calculate any cap that may apply to limit the amount of the tax deduction for those losses
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Apply the general company tax loss provisions to determine a company's ability to utilise company income tax loss and bad debt deductions
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Determine the impact of selected anti-avoidance measures that apply when considering the deduction of income tax losses and bad debts
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Determine the income tax consequences of the deemed dividend rules to private companies and their shareholders/associates (for non-complex scenarios
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Earners complete 10 hours of online, self-paced, interactive learning, incorporating interactive examples, knowledge checks, case studies and a comprehensive activity.
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Successful completion of an online, multiple choice assessment.