Do you pay Capital Gains Tax on the sale of a business in TAS?
Capital gains tax applies to a business sale in TAS. It's important to engage an Accountant who will guide you through the process of selling a business and assess your tax obligations. Exemptions may be available, and it's important to check the current requirements when you are selling a business. A helpful section on the ATO website outlines what happens when changing, selling or closing a business.
> Your Guide to Selling a Business
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