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Published on 28 May 08
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper covers topics such as:
a macro understanding of why a share sale is always better
debunking myths: franking credits and high asset cost bases
cheating on the sale of pre-CGT shares
how tax consolidation has made share sales feasible for purchasers
convincing a purchaser to buy the shares rather than the assets
extracting non-sale assets and surplus profits from the target company. .
Les Szekely BA LLM FTIA first worked as a solicitor and then taught commercial and revenue law at the
University of NSW and then at Sydney University. Les joined Horwath in 1984 as a Senior Tax Manager
and became a Tax Partner in 1987. Following the recent merger between Horwath and Deloitte, Les
became Director of Taxation, Deloitte Growth Solutions. For nearly 20 years his professional career has
been dedicated entirely to tax consulting for cross border transactions, business reorganisations,
mergers and acquisitions. Les has been extensively published in CCH, Rydges, IBFD and Information
Australia on both domestic and international issues. Current at 5 February 2009
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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