Published on 01 May 04
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
Intellectual property is increasingly representing the value underlying a business. The notion that the value of a business simply comprises plant and equipment, land and buildings, and goodwill as the balancing item, are long gone. We need to recognise that goodwill is separate from the underlying intangibles and value must be separately attributed to intellectual property... and not just the notional $1 as often appears in contracts.
Andrew O'Bryan CTA
Andrew is a senior tax partner at Hall & Wilcox Lawyers. He has over 25 years' experience giving expert tax advice to private business and wealthy family groups. He has particular expertise in the tax aspects of succession planning and in managing complex disputes with the Australian Taxation Office. Current at 21 June 2016
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