• Phone: 02 4328 3644
  • leigh@branderaccountants.com.au

The purchase/sale of a business as a going concern can be made GST Free in the following circumstances:

• Everything for the businesses continued operation is supplied to the buyer

• The seller carries on the business until the day it is sold

• The buyer is registered or required to be registered for GST

• Before the sale, the buyer and seller agree in writing that the sale is of a going concern