Published on 22 May 14
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper covers:
summary of income tax treatment of transaction costs
summary of GST treatment
costs incurred after target co joins consolidated group
multi-service and multi-purpose fees
all costs charged to an arranger
sell side – costs incurred by vendor
sell side – costs incurred by target
Mark is a Partner at PwC, with Australian and international tax experience in the infrastructure, property, private equity and financial services industries. Mark rejoined PwC in 2012, following nearly five years with Australian listed company Challenger Limited, as Director of Structuring & Solutions. Current at 19 September 2016
Craig is a Director at PwC, with Australian and UK indirect tax experience in the mergers and acquisitions, infrastructure, property and financial services industries. Craig joined the VAT team at PwC UK as a graduate in September 2000 and transferred to the Sydney GST team of PwC Australia in 2005. Craig has over 8 years experience working in Australian GST, focussing on providing advice on the GST implications of acquisitions and disposals, including undertaking tax due diligence work with respect to target entities and advising on the recovery of GST on transaction costs. Craig is a member of the Chartered Institute of Taxation (UK). Current at 23 September 2013
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.