Published on 06 Oct 06
by VICTORIAN DIVISION, THE TAX INSTITUTE
The development of IP can be extremely costly. Practitioners therefore need to focus on the best ways to maximise deductions. The commercialisation of IP through licensing and disposal also presents challenges, with different types of IP having different tax treatments. Examining the traps and opportunities for both costs and commercialisation, this paper focuses on:
- cost write offs
- balancing adjustments v capital gains/ losses
- relevant IP laws
- important terms of sale/purchase agreements.
Anthony is a Partner with Hall & Wilcox. He provides tax and legal advice to a diverse range of Australian and foreign owned corporate groups, specialising in income tax issues relating to acquisitions, restructures, divestments, and structuring inbound and outbound investments.
- Current at
30 August 2017