Читать книгу Small Business for Dummies - Veechi Curtis - Страница 68

The sale price of a business doesn’t attract GST if the following conditions are met:

 Both you and the seller are registered for GST

 The business is actually for sale and money is changing hands

 The seller carries on the business, right up until the day of sale

 Everything that you need for the continued operation of the business is supplied

 Both parties agree in writing that the business is a going concern

As the buyer, if you’re registered for GST, whether GST is charged or not doesn’t matter because you can claim the GST back. However, if you’re not registered, the seller usually adds the value of GST to the purchase price, and you can’t claim this GST back. (Most purchase agreements specify that the price is ‘plus GST if any’.)

The conclusion? Unless your accountant advises otherwise, register for GST before the sale of the business takes place.