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Building, buying, holding, selling and valuing intangible business assets presentation

Published on 13 Mar 09 by NATIONAL DIVISION, THE TAX INSTITUTE

Today, intangibles lurk below the surface of the basic financial statements of a business but often hold the real value. The tax treatment for owners, buyers and sellers can vary widely. You may think you’re selling “goodwill”, which will be completely free of tax because of the CGT concessions. What if the valuable asset is in fact copyright, which is not in the CGT regime? So it pays to explore and identify the true legal nature of intangibles and their commercial value, particularly in related party transactions or internal restructures.This presentation covers:

  • distinguishing intellectual property from other intangibles
  • which intangibles hold the real value?
  • intangibles covered by the CGT regime
  • intangibles covered by the Div 40 UCA regime
  • commercialising or selling: what should the contracts say?

Author profile:

Author Photo - Andrew O'BRYAN
Andrew O'BRYAN
Andrew O’Bryan FTIA is the Head of Taxation, Superannuation, and Family Business and Wealth Management Practice Groups at Hall and Wilcox. Andrew provides advice on the application of a wide range of taxation matters including income tax, FBT, CGT, tax audits, structuring and restructuring of business and transactions, superannuation, state equivalent tax regimes, retirement planning, business succession, estate planning, liquidations and reconstructions, and corporatisation and privatisation.
Current at 11 March 2009
Click here to expand/collapse more articles by Andrew O'BRYAN.
 

 

This was presented at 24th National Convention 2009 .

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