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Notes Online Home 2013 Practice One-Offs Due diligence – buying a business
In this chapter of the notes we discuss due diligence when purchasing a business. In particular, the following broad topics:
- Buying the business assets vs. the entity
- Common tax issues with buying a business entity
- Tax issues with buying the business assets
- Claiming deductions for formation costs and other initial costs relating to the purchase
- GST issues arising on purchasing a business