what is the tax implication for transfer of shares?

Question

what is the tax implication for  transfer of shares?

 · Accepted Answer

AriATO · Answer

There are a few things to consider when selling a company. You have to look at your registrations, GST, Capital gains tax etc. We can't give you advice specific to your company because we don't know the full details. Its best to get advice from a tax professional. You can read about selling your business (https://www.ato.gov.au/business/changing,-selling-or-closing-your-business/changing,-pausing,-closing,-selling,-or-winding-up-a-business/) on our website. You should also have a chat to ASIC (https://asic.gov.au/) as they regulate companies.

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