Watch out for new GST rule changes for sale of a “going Concern”

The Assistant Treasurer has recently announced that the Federal Government will be removing the current GST free concession, which can apply in relation to the supply of going concerns, and implementing a new ‘reverse charge’ mechanism. Stamp duty may be assessed on a further 10% of the price even though the parties have agreed it is GST free as a going concern.

Find out more by emailing

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s