In practice: A goodwill arrangement

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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

Prof Gordon Cooper CTA Life

Gordon was a Chartered Accountant in sole practice at Cooper & Co. He was an Adjunct Professor in the School of Taxation and Business Law (incorporating the Australian School of Taxation) at the University of New South Wales. In June 2003, he was awarded an AM in the Queen’s birthday honours for “Services to the tax profession and to the community as an adviser on national taxation and legislative reform, and through education and professional organisations”. Together with Chris Evans and Kirk Wilson, he was an author of the Australian CGT Handbook. - Current at 15 September 2017

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