David Marks QC, CTA

David Marks QC, CTA

Queensland Bar

David is a commercial Silk at the Queensland Bar practising principally in tax. He has a broader practice in commercial litigation, trusts and estates, and administrative law. He contributes to the life of the profession through his committee work for The Tax Institute and other professional bodies. He is a Chartered Tax Adviser and a registered Trust and Estates Practitioner. He received The Tax Institute’s Meritorious Service Award in 2013. David serves on the disciplinary panel of an international practitioner association.

All Sessions by David Marks QC, CTA

10:30 am - 11:30 am

Session 20.3: Common issues and pitfalls in tax loss preservation and loss carry back

Hot Topics Stream

Tax advisers need to assist their clients in confirming and claiming tax losses.  Whether they are claimable in the first place is enough of an issue; how they are claimed may affect future tax planning. This practical session will cover:

  • Applying loss carry back – the do’s and don'ts – and what we have learned in the first 4 months
  • Continuity of ownership issues
  • The same or similar business test and
  • Practical planning opportunities and problems (including whether claiming full expensing and then using loss carry back is an acceptable approach).