This paper focuses on a range of technical tax issues that arise in sale and purchase of business transactions. It reflects on the presenter's experience in dealing with tax issues in a wide range of corporate and SME transactions. Topics covered include:
Share sales and acquisitions
- tax due diligence: elections, clean exits and warranties
- availability of CGT concessions
- dealing with consolidated groups
Asset sales and acquisitions
- WIP, debtors, IP (Tax vs non tax IP), IP and goodwill - apportionment issues
- employee entitlements
- restraint of trade payments
‘‘Earn-out" transactions
- latest developments
Stamp duty issues
- trading stock
- plant and equipment
- proposed abolition on non-real property transactions.