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In practice: A goodwill arrangement

Published on 01 Nov 98 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The identification of goodwill has been one of the more contentious areas of CGT, and is important, particularly for small business, because of the concessions available on the sale of goodwill. This article looks at the workable definition of goodwill and the concerns for practitioners.

Author profile:

Gordon S COOPER
Gordon is a chartered accountant in sole practice as a tax consultant. He has a particular emphasis on capital gains tax and is the editor of Cooper’s Capital Gains Tax Guide, which is a loose-leaf service published by Australian Tax Practice and the author of Cooper’s TLIP Capital Gains Tax. He advises on the taxation of international transactions and corporate matters as well as tax matters generally. He is a former President of the Taxation Institute of Australia and is President of the Committee of the Australian Branch of the International Fiscal Association. He is a Visiting Professorial Fellow at the Australian School of Taxation in the Law Department of the University of New South Wales.
Current at 17 October 2008
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