Buying or Selling a Business
Buying or selling a business is significant for both the buyer and seller. Tax is treated differently depending on whether the sale involves assets or shares. Both asset and share sales can be a mix of taxable and non-taxable parts.
It’s important to set up your business sale or purchase the right way so that you:
- get the right entitlements
- pay the right amount of tax
- get the right after-sale profits and allowable deductions.