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Tax_Champ(Newbie)Registered Tax Professional
30 Oct 2023

A new company is established and then acquires a business for 100% goodwill. if the company is registered for GST from the time it was established can it claim the input tax credits on all expenses associated with the acquisition if the contract was for a 'going concern'? the company was not trading prior to the purchase.

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AriATO(Community Support)Community Support
1 Nov 2023

Hi @Tax_Champ


This would be best answered by our GST specialists, they might need some more details. You can reach them by sending a secure mail via online services. If you choose the most relevant GST topic, they'll pick it up.

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