The Australian Taxation Office (ATO) recently issued three final Taxation Determinations (TDs) to help entities determine whether they are 'connected with' another entity for the purpose of working out their aggregated turnover. Aggregated turnover is relevant to a range of tax concessions, including temporary loss carry back and temporary full expensing. These include:

• TD 2022/5 Income tax: aggregated turnover - application of the 'connected with' concept to corporate limited partnerships.
• TD 2022/6 Income tax: aggregated turnover - application of the public entity exception to the indirect control test.
• TD 2022/7 Income tax: aggregated turnover – application of the 'connected with' concept to partnerships, foreign hybrids and non-entity joint ventures.

These TDs provide a number of practical examples on the application of the 'connected with' concept to various entity types often found in large market and international structures, such as foreign hybrids, corporate limited partnerships and public entities. The TDs generally apply both before and after their date of issue, 30 March 2022.