RECORDED WEBINAR: Is the Sale of Business Eligible for the GST Going Concern Exemption?

Monday 20th July 2015
Duration: approx. 2 hours
 
Applying the GST going concern exemption can save stamp duty, reduce funding costs and improve cash flow.  However, the ATO takes a hard line to applying the exemption, and the consequences of incorrect application can be severe. This presentation will look in detail at how to meet the test and manage risk.
  • Why use it – stamp duty savings
  • The definition of going concern
  • Traps: All things necessary - Carrying on the business until completion
  • What does a supply of a going concern typically include?
  • Is a transfer of lease of business premises always required?
  • What if the purchaser has their own premises?
  • What is the ATO’s view?
  • Using a short term lease to satisfy the Commissioner
  • Written agreement that the supply is a going concern: What if the parties do not agree? What if the agreement is not documented?
This webinar is suitable for lawyers and accountants advising on stamp duty and in-house tax counsel in – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.
 
PRESENTED BY: Sally Newman, Senior Associate, Minter Ellison, Brisbane
 
Sally Newman’s tax practice focuses on GST, stamp duty, corporate tax (including capital gains tax and income tax) and tax issues for not-for profit entities. Sally also advises on the tax and duty aspects of restructuring and business sales and has experience in dispute resolution and litigation.

Her clients include local and foreign corporate clients, as well as partnerships, trustees and individuals. Sally also advises State and Federal government bodies on tax matters, including advising government businesses on the application of the National Tax Equivalent Regime.

Sally also has experience advising on employment taxes and superannuation issues, including Pay As You Go tax (PAYG), fringe benefits tax (FBT) and payroll tax
 
© 2015 Television Education Network Pty Ltd.  All rights reserved.  The program for this webinar is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.
Product Code: WBKJUL15
 Price:  $242.00 (Inclusive of GST)
© 2018 Television Education Network Pty Ltd. All rights reserved. The program for this webinar is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.