This paper covers the following issues in relation to the sale of a business with assets located throughout Australia:
- the types of property subject to duty in each jurisdiction
- share transfers and unit transfers
- land rich duty including the triggers in each jurisdiction and the exemptions available
- pre-sale structuring (including the availability of corporate reconstruction exemptions)
- impact of dividends paid pre-sale or in the course of the sale (Dick Smith case)
- put and call options
- traps and opportunities to look out for.