Private ruling: Whether entity can make a choice to consolidate
Published: February 2013

Ruling: Q1: Can ACo choose under section 703-50 of the ITAA 1997 to form a tax consolidated group from DD/MM/YYYY by making a choice to form a tax consolidated group on and from DD/MM/YYYY before its tax return for the income year ending DD/MM?YYYY is lodged? | A1: Yes

Relevant facts and circumstances: ACo, is the head company of the consolidatable group BCo is a subsidiary member of the consolidatable group ACo is seeking to make a choice to form a consolidated group ACo is required to lodge an income tax return for the relevant income year ACo must make the choice to consolidate by the date in which it submits its income tax return for the relevant income year

Relevant legislative provisions: Income Tax Assessment Act 1997 703-50

Reasons for decision: Summary: As ACo meets all of the requirements of section 703-50 of the ITAA 1997, it will be eligible to make the choice to form a consolidated group.

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