When looking to acquire a company, you will generally cover any financial exposure to historic tax matters by a combination of Due Diligence and Vendor warranties and indemnities. Due Diligence helps uncover exposures which, if significant enough, will be factored into the purchase price taken account of through the working capital adjustment. Vendor warranties give [...]
The 2016-2017 NSW State Budget, handed down on 21 June 2016, finally delivers on the promise to abolish 3 duties: Transfer duty on non land business assets Marketable Securities Duty on unquoted shares and units Mortgage Duty Duty will continue to apply on the transfer of real property interests, and the transfer of specified membership [...]
The thrust of the Government’s Innovation Statement, released on 7 December, is to provide support for young, innovative businesses at the time when they need funding to help commercialise their ideas. From a tax perspective, this gives rise to 3 policy changes: Incentivise investors to provide seed capital Incentivise investors to provide expansion capital Relaxing [...]
