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Dealing with goodwill - small business roll-overs and exemptions. Part II

Publication date: 01 Jun 98 | Source: RETIREMENT & ESTATE PLANNING BULLETIN

Issue: Vol 1

Pages: pp.101-110

In the second part of this article, the author continues to examine the preferential tax treatment of goodwill and the application of the relevant principles to lease premiums, licences and restraints of trade, and considers some of the more common planning techniques which can be used to maximise the 50 per cent discount on goodwill.

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Author profile

Prof Michael Walpole CTA
Prof Michael Walpole is Head of the School of Taxation and Business Law (including Atax) at UNSW Business School. Prior to academic life, Michael was variously a Tax Consultant with Ernst & Young, and was in private practice as a legal practitioner. Michael has authored and co-authored several books, including Proposals for the Reform of the Taxation of Goodwill, Understanding Taxation Law, and Compliance Cost Control. Michael has also written and presented many papers on his research topics to practitioner and academic audiences in Australia and overseas. He is the editor of the Australian Tax Forum and is an International Research Fellow at the Oxford University Centre for Business Tax in the Said Business School, University of Oxford. He has been a visiting Professor at the OECD’s Centre for Tax Policy and Administration and remains involved in its work on GST/VAT. - Current at 23 January 2018
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