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ATO ID 2006/92 and issuing shares as consideration

Published on 01 Sep 06 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Shares are often issued as consideration in asset sale and purchase agreements. This article demonstrates that unless the consideration is also stated in monetary terms, the purchaser is at risk of not being able to claim a deduction for the outlay.

Author profile:

Alison Chappell
Alison is a Special Counsel at Corrs Chambers Westgarth. Current at 01 September 2005 Click here to expand/collapse more articles by Alison CHAPPELL.
 
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