Tax & Insolvency, 3rd Edition

Associate Author: Robyn Schofield
ISBN: 9780864606761
Publisher: Thomson Reuters
Publish Date: 15/06/2011


Tax & Insolvency, 3rd Edition


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Tax & Insolvency

Tax & Insolvency helps tax and legal professionals become informed of the issues in the areas of tax and insolvency, so that they can advise company officers when the company is either restructuring, insolvent or under some form of administration. It provides practical solutions for many of these situations. The concise format and clear writing style ensures that it is a useful and helpful guide in these complex areas.

Tax & Insolvency is a vital work for professionals to ensure that they are fully informed and able to offer practical solutions to their clients, in a range of tax and legal issues that arise upon a company becoming insolvent.
Andrew Sommer is a partner of the national law firm, Clayton Utz, Lawyers, Sydney. He has expert knowledge in the area of indirect taxation and specialises in the legal issues surrounding the operation of GST.

Robyn Schofield is a partner of the national law firm, Clayton Utz, Lawyers, Sydney. She specialises in a range of tax-related matters for corporations.

Stephen Gates was partner of the national law firm, Clayton Utz, Lawyers, Sydney and was the original author of this work. His valuable contribution to the 1st and 2nd editions of Tax & Insolvency are gratefully acknowledged.
The 3rd edition of Tax & Insolvency is current to 20 February 2011.


  • Tax-related liabilities
  • Estimates and recovery of PAYG withholding liabilities
  • Collection of tax from third parties
  • Recovery action by the Commissioner
  • Tax status under insolvency administrators
  • Tax obligations of external administrators
  • Personal liabilities of company officers and managers
  • Share capital restructuring
  • Share disposals and distributions on liquidation
  • Transactions involving debts
  • Debt reconstructions
  • Carry forward of deductions for losses and bad debts
  • Assets and CGT issues
  • GST and insolvency


Being aware of the relevant issues may save the company money and protect practitioners from criminal and personal liability in relation to the company�s tax liabilities and other debts.