Disposal of Capital Assets - During and After Cessation of an Enterprise

When it’s time to close down a business and liquidate the assets, advisers and taxpayers alike are highly conscious of the various income tax issues that arise. However, cessation of an enterprise can also trigger a range of GST consequences. This session explains what GST events will arise on the sale of capital assets associated with the end of a business, including when and how GST registration should be cancelled and the GST implications for the taxpayer.

Featuring: Murray Shume, Cooper Grace Ward, Brisbane

[25.50 minutes] [0.42 CPD hours]