Description

Know what you are walking into before signing on the dotted line

In absence of a specific capital gains tax, a sale of shares or certain capital assets can be tax free to a vendor. In contrast a sale of some intellectual property, depreciable property and revenue account assets can give rise to taxable gains. From a purchaser’s perspective, a purchase of shares or assets gives rise to important tax implications.

This webinar will cover:

• Market value requirements.
• Tax and GST issues when transacting shares or assets.
• Tax clauses in sale and purchase agreements.
• Other tax matters including: share transactions in look through companies, franchise transactions, earn outs, deductibility of feasibility costs and legal fees and etc.

Join this webinar as a time efficient way to prepare for your next sale and purchase engagement.

ORIGINAL BROADCAST DATE

7 November 2023

LEARNING OUTCOMES

A good overview and understanding of the income tax and GST issues associated with the sale and purchase of a business.

SUITED TO

Accountants, lawyers, business owners.

PRESENTER

Maurits van den Berg, Senior Manager, Taxation Services, Baker Tilly Staples Rodway.