How to transfer ownership and registration of a business through purchase of all of its shares?

Question

 · Accepted Answer

Deb_ATO · Answer

- This'll be a capital gains tax event (https://www.ato.gov.au/forms-and-instructions/capital-gains-tax-guide-2024/about-capital-gains-tax/investments-in-shares-and-units#ato-Scripforscriprollover:~:text=Appendix%C2%A01.-,Takeovers%20and%20mergers,following%20example%20that%20the%20scrip%20for%20scrip%20rollover%20does%20not%20apply.,-Example%2026%3A%20takeover) that'll need to be reported. - They'll need to set up ATO online services for businesses. Check out what you need to get started (https://www.ato.gov.au/online-services/businesses-and-organisations-online-services/set-up-your-access-to-online-services-for-business#:~:text=Medicare%20and%20more.-,What%20you%20need%20to%20get%20started,.,-QC65077).

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