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Q&A: sale of going concerns: GST free? Not as easy as it looks

Published on 01 Sep 00 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The definition of a "supply" under the GST regime is very broad. When selling a business as a going concern, the sale or supply will be GST free if certain conditions are met. This article address these conditions in a question and answer format.

Author profiles:

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.
 
Leanne HUGHSON
Leanne is a Senior Associate at Hall & Wilcox Lawyers, Melbourne.
Current at August 2005
Click here to expand/collapse more articles by Leanne HUGHSON.
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