When buying a business, or the company that conducts a business, there are many tax issues that the purchaser needs to consider prior to the contract being signed.
This checklist was prepared and updated in August 2024 by Peter Bembrick, tax consulting partner, at HLB Mann Judd (phone 02 9020 4000). It includes a comprehensive due diligence review, together with value added commentary, of the major income tax, GST, structuring, capital gains tax, payroll tax, stamp duty and other tax issues associated with the purchase of either the assets of a business or the shares in a private company that operates the business.
